For Immediate Release: January 13, 2016
With Governor Scott proposing tax cuts to retailers, a new survey shows that a majority of Americans have worked in retail at some point, while that industry experience remains coveted by current hiring managers
TALLAHASSEE, FL – The Florida Retail Federation (FRF), the state’s premier trade association representing retailers for over 75 years, announced that in support of Governor Rick Scott’s $1 billion tax cut package, which proposes the elimination of income taxes paid by retailers as well as the reduction in the business rent tax, a new survey shows that almost 60 percent of Floridians have worked in the retail industry at some point, with retail experience being highly coveted by hiring managers. The survey also shows that, for almost one third of respondents, their job in retail served as their first professional employment experience. Supporting research shows that careers in the industry are financially rewarding and that employees who decide to make full-time careers in retail can rise rapidly from entry-level positions into well-paying management and executive positions.
“The retail industry continues to provide a tremendous entry-level and growth opportunity for those people looking to start their career or expand their career,” said FRF President & CEO Randy Miller. “Governor Scott’s proposed tax cuts for retailers and the business rent tax reduction would provide a significant economic boost for the industry, resulting in more jobs, increased salaries and more opportunities for Floridians overall.”
The survey, which was coordinated by FRF’s partners at the National Retail Federation, showed that 59 percent of those polled had worked in retail, including stores and restaurants. Of those surveyed, 32 percent found their first job in retail, at an average age of 16. And hiring managers continue to view an applicant’s experience in retail as a plus with 7 in 10 believing retail provides employees with a wide variety of skills and valuable job training.
The survey data provides the latest evidence of retail’s importance on Florida’s economy, both as a source of entry-level jobs and long-term career opportunities. Retail is Florida’s largest private sector employer with more than 274,000 businesses supporting more than 2.7 million people and contributing more than $155 billion to Florida’s gross domestic product.
ABOUT THE FLORIDA RETAIL FEDERATION
Founded in 1937, the Florida Retail Federation is the statewide trade association representing retailers -- the businesses that sell directly to consumers. Florida retailers provide three out of every four jobs in the state, pay more than $49 billion in wages annually, and collect and remit more than $20 billion in sales taxes for Florida’s government each year. In fact, more than three out of four of Florida’s budget dollars come from retail-related activity.