Across the retail industry, businesses large and small experience the costs associated with turnover. Along with turnover costs, industry-specific threats in the form of inventory shrink and customer data breaches continue to be big problems that are costing retailers billions of dollars each year.
So how can you help your retail business minimize the effect of these costs? One way is to take advantage of employment based incentives such a the Work Opportunity Tax Credit. Approximately 20% new hires can qualify your retail business for $2,400 – $9,600 in tax credits.