Financial Institution Managers and Directors
£33,893
Average salary
41 hours
Average weekly hours
1.78%
Unemployment rate
Definition: Managers and directors in retail and wholesale
*SOC Code (Standard Occupational Classification): 1150
Retail and wholesale managers and directors plan, organise, direct and co-ordinate the operations of major retail and wholesale establishments in order to maximise business performance and meet financial goals.
Common tasks include:
- appoints staff, assigns tasks and monitors and reviews staff performance
- liaises with other staff to provide information about merchandise, special promotions etc. to customers
- ensures that adequate reserves of merchandise are held and that stock keeping is carried out efficiently
- ensures customer complaints and queries regarding sales and service are appropriately handled
- oversees the maintenance of financial and other records and controls security arrangements for the premises
- authorises payment for supplies received and decides on vending price, discount rates and credit terms
- examines quality of merchandise and ensures that effective use is made of advertising and display facilities
Qualifications
Entry requirements vary from company to company. Entrants may possess GCSEs/S grades, A levels/H grades, GNVQs/GSVQs, a BTEC/SQA award, a degree or equivalent qualification. Entry is also possible through promotion after gaining sufficient experience. NVQs/SVQs in Retail Operations are available at Level 4.
*Introduced in 1990, SOC is a multi-purpose common classification of occupations in UK. Jobs are defined in terms of skill level and skill content, including qualifications, training and work experience.
Employment status: Managers and directors in retail and wholesale
Regional employment: Managers and directors in retail and wholesale
Future employment: Managers and directors in retail and wholesale
Top 12 industries: Managers and directors in retail and wholesale
Alternative & related job titles: Managers and directors in retail and wholesale
Car sales manager Manager (garden centre) Managing director (wholesale, retail trade) Retail manager Shop manager (charitable organisation) Wholesale manager
Equality focus: Managers and directors in retail and wholesale
Breaking down the official government big data sources by gender, age and region. Hours and pay data based on full time equlivalent roles.
Breakdown by gender
£29,721
Female average annual salary
£35,979
Male average annual salary
39
Female average weekly hours
43
Male average weekly hours
Average pay per hour: Managers and directors in retail and wholesale
Workforce gender: Managers and directors in retail and wholesale
Breakdown by region
£37,021
South East (England) - highest annual average salary
£30,764
North East (England) - lowest annual average salary
47
Northern Ireland - Highest average weekly hours
39
London - Lowest average weekly hours
Average pay per week (£): Managers and directors in retail and wholesale
Average weekly hours by UK region/nation: Managers and directors in retail and wholesale
Breakdown by age
20 years
Lowest annual salary (£12,514)
years
Highest annual salary (£0) at this age