Over 720,000 retail workers handed in their resignations in August which has led to hiring expectations falling short in the last two months.
Employers didn’t fill as many roles as expected during August or September, despite the end of the furlough scheme and other unemployment benefits, according to Wells Fargo.
“The end of emergency unemployment insurance and kids returning to campus this September was not the silver bullet for the jobs recovery many hoped for,” Wells Fargo’s Sarah House and Michael Pugliese said.
The situation is prompting retailers to offer added incentives to try and encourage more workers to join in preparation for a busy holiday period.
Many retailers are also planning on keeping workers on temporary contracts on after their term finishes, according to a report from outplacement firm Challenger, Gray & Christmas.
Employers are looking to address swathes of issues that workers are facing including burnout wage concerns by offering perks including child care, family support.
Asos recently announced it was to offer its staff a sweeping support package which includes paid time off and flexible work for “health-related life events.”
The new company policy covers fertility treatment, cancer treatment, gender reassignment surgery, and escaping domestic violence.
“While job cuts are at record lows, hiring announcements exploded in September, a month when many big box retailers, shipping, and warehousing companies announce seasonal hiring plans,” Challenger, Gray & Christmas firm senior vice president Andrew Challenger said.
“This year, many hiring announcements are for permanent workers rather than seasonal ones.”