The retail sector is reportedly ‘leading the way’ for job creation with start-ups in the sector projected to spearhead the recovery as non-essential retail opens.
Retail businesses started in 2020 are set to create thousands of jobs in the coming years, as one-in-four retail business owners plan to hire one or more employees, according to new research by The Accountancy Partnership. It found that a quarter of commerce entrepreneurs who started a business during the pandemic said they will be hiring one or more employees as their business grows in the coming months and years, creating an influx of new employment opportunities.
According to the group, the retail sector is “leading the way” for job creation with start-ups in the sector projected to spearhead the recovery as non-essential retail opens.
Although many lockdown-born businesses were created out of necessity following pandemic hardships such as furlough and redundancies, research from The Accountancy Partnership’s ‘The Boom or Bust: Beginning a business in a pandemic’ report indicates that the majority of entrepreneurs have long-term growth plans for their businesses….