It has long been understood that retail companies that treat their staff properly also provide the greatest services to clients. And that holds true whether workers are at a customer service centre or on the shop floor. The difference between making a sale and losing a customer for life can be made by going above and beyond.
The situation has become more complicated because of the new lockdown-induced retail formats and the technology available to automate and enhance corporate processes. Many experienced retail workers were furloughed due to the pandemic and are now evaluating their jobs as they are also in increased demand, in addition to having to adapt the way they operated in stores and call centres.
Adapting
to change
How
can shops combine all three components when retail trends start to feel more
typical again?
First,
accept that internet buying will continue to be a common and practical choice.
It was already expanding before the pandemic. Customers often like the option
of curb side or store pickup, particularly for grocery or electrical products.
Remote sales demos and assistance from store employees could possibly stick
around for a while.
Retailers
have had to rethink employment roles for staff, forcing them to be resilient
and flexible in accepting new duties. Retailers must run a digital operation
that equips their workforce with pertinent tools, as well as data and insights
that help them engage with customers and exceed their expectations, to retain
the best employees in a competitive market. This operation must also go beyond
offering competitive salaries and benefits.
Retailers
must therefore create an environment in their stores where working is as
frictionless and productive as feasible. This might involve offering real-time,
AI-powered tools and applications for task management, mobile scheduling, shift
swapping and bidding, and real-time communication.
Another
area that could help retain brilliant people is improving working circumstances
through improved algorithmic merchandising so that warehouses and storefronts
are optimized rather than being jammed full and challenging to search or
replenish.
Retailers
are simultaneously facing cost pressure due to growing costs, a lack of
qualified employees, and shaky supply chains. They need to find a way to do
everything listed above without having to spend money completely replacing
their main IT systems.
digital
workplace adoption
The
pandemic showed how reliant retailers and consumers were on the work that store
and contact centre staff do, and how important they continue to be in servicing
customers safely and effectively. It also demonstrated how retailers that had
already invested in digital transformation were in a much better position to
pivot their operations than those that had not.
After
years of underinvestment, many retailers are now playing catch-up to equip
employees to provide high-quality commerce experiences, placing efficiency and
enablement at the top of retail strategies. A third of retail respondents to
Gartner’s 2021 CIO Survey indicate plans to increase spending on digital
workplaces.
It
has been demonstrated that investments in retail digital workspaces, especially
those in physical-store environments, enhance sales and raise profitability,
establishing a positive investment cycle and generating a sizable competitive
advantage. Frontline workers must rank among a retailer's most important
investments if it is to develop the skills of shop staff needed to meet
customer expectations safely and effectively.
Getting
paid off your investment.
In
the US, Lowe's Home Improvement is one retailer that has established itself as
a leader in this field. To make sure frontline employees have the resources and
support necessary to do their duties in a difficult climate, investment has
been greatly increased.
When
the virus started to spread, Lowe's decided to hasten the implementation of
curbside pickup across the country. In order to make this possible, it recently
finished building an e-commerce platform and gave mobile devices to a third of
its store employees. The firm has also placed a stronger emphasis on caring for
its staff. During the epidemic, Lowe's invested millions to its retail
employees and provided telemedicine, hourly pay hikes, profit-sharing bonuses,
and other benefits.
As
a result, during the previous few quarters, Lowe's sales performance has
improved, and its customer satisfaction ratings have increased dramatically. Senior
executives in the organization realized that it would be even more difficult to
hire the finest candidates if bonuses and incentives were reduced.
Making
more frequent and thorough evaluations of the human-machine labor portfolio
will be necessary as part of increasing digital workplace investments and
giving priority to the frontline personnel in the future. Building digital
empowerment in the workplace requires using technology to delegate back-office
and mundane tasks and free up people to take on more significant
customer-facing roles.
However,
to maximize corporate value, satisfy customer expectations, and develop and
uphold staff trust, merchants must strike the right balance. This will involve
taking into account the viability of cutting-edge technology, such as smart
checkout, smart robotics, and micro-fulfillment.
Beginnings of employee
investment
According
to our experience working with retailers, the best place to start is by
identifying and funding the operations that can have the biggest positive
effects on the experiences of store managers and employees. Intelligent
automation, for instance, can boost scheduling accuracy and productivity.
Using
real-time communication solutions to encourage staff collaboration and
information exchange in order to create a support network among store teams is
another method to build on this.
Finally,
it helps to work closely with the business and store operational leads to
evaluate the connectivity of task management with end-to-end retail business
processes, including merchandising, channel operations and fulfilment.
Ultimately,
it will be a combination of smart digital technologies and empowered employees
that will enable retailers to gain a competitive edge in the post-pandemic era
of recovery and regrowth.
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