Business people salary

Salary and Job Responsibilities for Retail Managers

Being a retail manager often means working as a sales-oriented store manager or department head in a store. It is a profession where leadership and sales go hand in hand, and where one is responsible for both staff and sales figures. As a retail manager, it is important to have a good ability to motivate and lead your team, while also being a skilled salesperson.

What does a Retail Manager earn?

The average salary for a retail manager is 36 800 SEK per month. However, there are variations depending on gender; men earn on average 37 100 SEK while women earn 36 500 SEK. This means that women in the profession earn 99 percent of what men do. As an hourly employee, a retail manager has an average hourly wage of 221 SEK, based on 166 working hours per month. The average salary has increased from 35 500 SEK to 36 800 SEK since the last measurement.

Salary Range within the Profession

• The highest salary for a retail manager is 43,200 SEK, which belongs to a man working as a privately employed official with post-secondary education lasting less than three years.
• The highest salary for a woman in the same profession is 37,700 SEK.
• The lowest salary for a retail manager is 34,800 SEK, which belongs to a woman working as a privately employed official with post-secondary education lasting less than three years.
• The lowest salary for a man in the same profession is 34,900 SEK.

Education and Competency Requirements

To become a retail manager, a post-secondary education in commerce or economics is usually required. Many employers also value experience from similar work, such as a sales role or a leadership position in retail. Further education and courses in leadership and sales can also increase the chances of obtaining a position as a retail manager.

Future Prospects and Competition

The profession of retail manager offers good future prospects, especially in retail where the demand for competent leaders is constantly high. However, competition for jobs can be fierce, especially in larger cities where there are more stores and thus more employment opportunities. Therefore, it is important to have a combination of relevant education and practical experience to stand out from the crowd.

Working Conditions and Challenges

The working conditions for a retail manager can vary depending on the size and focus of the store. A common challenge is managing the stress and pressure that comes with responsibility for sales figures and staff. Being able to work under stress and having good problem-solving skills are therefore important qualities. Often, the work is scheduled during the store's opening hours, which may involve evening and weekend work.

Benefits and Working Conditions

Benefits for retail managers vary depending on the employer and store. It is not uncommon for a retail manager to be offered further education paid for by the employer, as a well-educated manager benefits the entire store. Other possible benefits may include a paid mobile phone or computer, but this is not standard for all positions.

The work as a retail manager requires commitment and a willingness to constantly improve both oneself and the store. For those interested in sales and leadership, this is a profession with good development opportunities and a chance to truly make a difference in a business.