Get a Grip on Labor Costs

Newly released NACS State of the Industry Compensation Report helps convenience retailers benchmark their business in areas such as compensation levels, staff turnover and benefits metrics.

April 11, 2016

ALEXANDRIA, Va. – Whether it’s controlling costs, navigating minimum wage regulations or competing for a skilled workforce, convenience retailers are keenly focused on labor issues. And because labor is also one of the highest costs of doing business, having exceptional talent on board is essential for success.

With the release of the NACS State of the Industry Compensation Report of 2015 Data, convenience retail companies can benchmark themselves in areas such as compensation levels, staff turnover and benefits. This year’s report compiles data from more than 80 c-store companies, representing nearly 12,000 stores across the country.

"This report has become an important annual tool for our management team to evaluate and benchmark compensation within key management positions,” said Kevin Smartt, NACS vice chairman of research and CEO of Kwik Chek Food Stores. “The ability to attract and retain the best employees is critical to our industry’s success and this report is one of the tools Kwik Chek uses to accomplish that goal."

The report provides access to data dissected by firm size, region and location type to help retail companies set new fiscal year priorities, better understand the underlying drivers of their company's performance and compare their workforce investments against industry averages in key HR categories such as compensation, turnover and benefits by position and exemption status.

The NACS State of the Industry Compensation Report of 2015 Data (order number 40022075) is available to NACS members in PDF format for $175 ($275 non-member price). Orders can be placed online at nacsonline.com/compreport or by calling Reed Armstrong, NACS products and services manager, at (703) 518-4291, or rarmstrong@nacsonline.com.

Advertisement
Advertisement
Advertisement