Magazine Article | March 1, 2018

How Retailers Can Improve The Hiring Process To Reduce Overspend

Source: Retail Executive

By Retail Executive

A Q&A With William Cleary, talent acquisition practice leader & LaborWise Advisor, Deloitte Consulting LLP

From automating the prescreening process to applicant tracking systems, retailers can cut labor costs significantly.

The cost of labor has a major impact on a retailer’s bottom line; in fact it consumes 50 to 60 percent of every organization’s operational cost. Through research, Deloitte found organizations with a large hourly workforce — such as retail — are overspending an average of $30 million on labor costs annually.