Retailers have expressed a need for specific and timely retail data as the market is moving fast with hourly wage legislation, and retail jobs are very specific to location; it is a constant challenge to understand what is happening using a once-a-year survey.

1. Discover the Value of the Peer
Retail Network

2. Today's Presenters:
Jessica Lohan
Peer Customer
Tim Glavin
Peer Relationship Manager
Carrie Stevens
Peer CSM
Featuring:

3. Today's Agenda
• State of The Market & Retail Industry Trends
• The Need For Timely Market Data – Peer Retail Data Jobs & Trends
• Overview: Peer & Retail Network
• Demo
• Hear It From A Retail Customer: Jessica Lohan, Barnes & Noble

4. Retail Trends

5. 2021Retail Industry Trends
• Rising wages & compression & expectations of “minimum wage
payers” in the market
• 34% of retail companies gave increases in 2021 based on tenure,
compared to 24% from overall industry responses
• 31% of retail companies gave increases in 2021 based on
compliance/minimum, wage laws, compared to 13% from overall industry
responses
• 86% of retail companies will raise wages in 2022 to attract and retain
talent, compared to 58% from overall industry responses
• Recruitment & retention
• 88.8% of retail companies have said they are experiencing greater labor
shortages and trouble attracting talent than 3-5 years ago
• Leveraging new tactics to value employees including sign on and
retention bonuses, STI & LTI, more flexibility and other creative
strategies to deliver benefits
• 45% of retail companies have changed their total reward strategy as a
result of COVID- 19, compared to 31.9% from overall industry responses
• Retail companies had a 38% average turnover rate, compared to 24% for
overall industry responses
Top 3 challenges to
address in 2022 for retail
companies compared
to previous years:
1. Retention
2. Recruiting
3. Compensation

6. 2022 Retail Industry Trends
▪ 2022 Retail Industry Outlook: The Great Reset (The Wall Street Journal, February 1, 2022)
▪ What's ahead for retail in 2022 (National Retail Federation, January 5, 2022)
▪ The Retail Workforce is About to Go Through Some Radical Changes (Forbes.com, September 18, 2021)
2022 Compensation Best Practices Report
▪ 85.9% of retailers will raise wages in 2022 to attract and retain talent, compared to 58.3% from
overall industry responses
▪ 45% of retailers have changed their total rewards strategy as a result of COVID-19, compared to
31.9% from overall industry responses
▪ 52.4% of retailers say that becoming more transparent about pay will become more important at
their organization
▪ 88.8% of retailers say they are experiencing greater labor shortages and trouble attracting talent
than in previous years
In The News....

7. The Need For Timely Market Data –
Peer Retail Data Jobs & Trends

8. Market Movement – Peer Retail Data vs Aging
6 Months
$39,000
$39,500
$40,000
$40,500
$41,000
$41,500
$42,000
$42,500
4/1/22 5/1/22 6/1/22 7/1/22 8/1/22 9/1/22 10/1/22
Materials Handler II
Base50 Traditional Aging
$41,000
$42,000
$43,000
$44,000
$45,000
$46,000
$47,000
4/1/22 5/1/22 6/1/22 7/1/22 8/1/22 9/1/22 10/1/22
Accounts Receivable Clerk
Base50 Traditional Aging

9. Overview: Peer & Retail Network

10. 2,200 orgs participating data
7 Million employees
4,200 jobs
100+ industries covered
150+ countries covered
32% YOY growth
40+ companies/month joining
www.payscale.com
Peer
For organizations who want timely, transparent
employer reported data based on their industry
peers, that is fully customizable.
Peer delivers:
✓ Fully transparent employer reported data that follows
best practices from the DOJ
✓ Specific, relevant and fully customizable data
✓ Always current data to keep up with market
trends and respond to changes in the market
✓ Industry networks to stay competitive
Fast Company’s 2021 World
Changing Ideas Awards
Peer wins

11. • Exchange compensation data in near real time with
leading retail brands locally and globally
• Select individual stores by name to grow your Peer
Network
Keep up with your Peers
• Set your own scopes specific to the retail industry with filters like story
type, store revenue, FLSA status and hire date
• Focused data for industry specific and niche jobs
Customized to your industry
• Participation and position lists provided within the
product
• Follows best practices from the DOJ including safe
harbor guidelines
Transparent & reliable industry data
Peer allows us to get highly
specific and narrow in on retail
sector. I am able to find the data I
need within Peer majority of the
time.
Laura Sickels
Sr. Compensation Analyst
JOANN Stores
An on demand, dynamic network built just for the retail industry
“
Peer Retail Network
Peer Retail Network Jobs
✓ Retail Operations Director
✓ Retail Sales Manager
✓ Retail Sales Associate
✓ Store Manager
✓ Loss Prevention
✓ Merchandising
✓ Operations
✓ Distribution/Logistics

12. Your Contribution, Our Commitment
Your contribution to the Retail Network
✓ Establish an Autofeed from your HRIS
✓ Match your Jobs to Peer benchmarks
✓ Be a committed partner!
We are building a data community that requires customer participation to grow.
Our commitment to you
✓ Setup & enablement – kick off call, personalized
support
✓ Growth – add new jobs, market scopes and
members based your network recommendations
✓ Partnership – Provide trend data from Peer for
retail jobs, continuously develop the Peer solution
for retailers based on your feedback, connection
points (quarterly webinars)
Peer has the potential to be the strongest HR reported data source through timeliness, quality and
quantity, while creating a data sharing network that all companies want to be part of.

13. Demo

14. Hear It From A Retail Customer:
Jessica Lohan, Barnes & Noble

15. Jessica Lohan
Manager, HR Service Center
Barnes & Noble

16. Together the possibilities are endless...
114 Retailers are in our Global Peer Network
2.4M incumbents are currently loaded in Payfactors
Potential for 4M+ Retail incumbents
If all current retail customers joined the Peer Retail Network,
we can create the most powerful data solution available in the market!

17. Q&A
Feel free to ask any questions in the chat!
Interested in learning more about the Peer Retail Network? Reach
out to Tim: Tim.Glavin@payscale.com

18. What are the requirements?
Establish an Autofeed from your HRIS
• Easy setup that requires you to have a HRIS with unique job codes
• Your Autofeed must have a minimum of a quarterly cadence, more often is welcome too
• Data will be added to the Retail Network following DOJ guidelines using the effective date of your feed
Match your jobs to Peer benchmarks
• 2022 will be focused on Stores & Distribution Centers – you can always match more!
• Our Comp Consulting team can assist with job matching if resources are limited
Be a Committed Partner
• Complete the foundational setup steps
• Participate in quarterly webinars with your Peers
• Provide ongoing feedback to grow and improve the Retail Network

19. Setup & Enablement
• Host kick-off call in May 2022 for all new Peer Retail Network members
• Support you with the completion of the two foundational steps – Autofeed + Job Matching
Growth
• Focus on Stores & Distribution centers in 2022 with the goal to expand in proceeding years
• Add new jobs, market scopes and members based on market trends & network
recommendations
Partnership
• Provide trend data from Peer for retail jobs and regions over time
• Continuously develop the Peer solution for retailers based on network feedback
• Connect you with your industry peers through ongoing quarterly webinars
What is our commitment to you?

20. Vision
[INSERT VISION STATEMENT FROM SARAH
This is a huge opportunity,
there is nothing else out there,
Retail data from surveys is not keeping up with the market
The market it is heavily influenced by geography
We have the technology, we solve the problem, we have active participants, but we
need more to grow!
As a Retailer, you should join this community so we can grow retail data together
We have 111 Retailers in the Peer Global Network, if you join the Retail Network, you
will gain retail specific data!

21. What are the benefits?
Access near real-time data for your industry
• Say goodbye to lagging market data, understand the current pay landscape
• Provide leadership with up-to-date market data from your direct competitors
• No longer confined by traditional survey deadlines, effective dates and submission materials
• Data is updated regularly following DOJ guidelines
Request new jobs & companies for the Retail Network
• Rolling database, which means companies can join anytime
• Request new roles in Peer as you create them at your organization
• Invite your Peers to join the Retail Network directly in the tool
Become a part of a Community
• Join our Connect Events for the retail industry
• Participate in quarterly Retail Network webinars to help us evolve with you
• Interact with your Peers through the Community tile in Payfactors