The retail industry had one of the lowest labour turnovers of any sector last year, according to a survey.
Employees seem to have retained a sense of loyalty to their companies, despite the increasing demands on time and pressure to deliver more in the same time frame.
The 2011 National Management Salary Survey, which is published by the Chartered Management Institute, showed that only 6.8% of employees in the retail sector retired or were made redundant in 2010.
It seems that many UK retail employees prefer to stay in their jobs, possibly due to market instability arising from the recession.
The average wage for a retail executive is £33,912, which is £2,500 lower than the national average and lower than the average public sector pay package. Typical retail wages are growing at a faster rate, though.
Workers in general seem content with roles that offer pension contributions, generous annual leave and the opportunity to train and develop more skills.
Pay has not kept in line with loyalty though, with the average salary across all sectors increasing by 2.2%, down from 2.5% in 2010, 4.9% in 2009 and 5% in 2008, according to the survey.
