Read this piece to find out some of the Best Paying Jobs in Department or Specialty Retail Stores. Also, the salaries for these jobs are discussed in this article.
Department retail stores are retail outlets that sell different categories of commodities ranging from groceries, electronic gadgets, food, furniture, clothing, and accessories. On the other hand, specialty stores focus on selling one particular item and related products.
Best Paying Jobs in Department or Specialty Retail Stores
Some of the Best Paying Jobs in Department or Specialty Retail Stores are:
- District Manager
- Inventory Manager
- Supply Chain Manager
- Line Supervisor
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A district manager is responsible for monitoring the performance and the growth of retail stores in a particular district. They supervise the daily dealings of multiple stores to ensure it is in line with the company’s business objectives.
They are the connecting link between the district’s head office, regional headquarters, and retail stores.
A district manager is tasked to assume a leadership position, motivate the staff, and develop innovations and recommendations from data analysis.
Duties of a District Manager
- Evaluate the sales and work performance ratings of the store manager and staff for tracking growth
- Handle the recruitment and training of store managers and staff. They also fire the underperforming team.
- Monitor the level of operations in the stores to ensure a good customer experience.
- Participate in budget planning and ensure that the budget demands are met.
- Perform frequent routine audits by visiting the stores often.
- Document reports on the findings and gives corrective measures from each monitoring visit.
- Disseminate information from the headquarter and the regional branch to the department heads in the store.
The average salary of a district manager is $75,688, per the findings from Salary.com. The salary range from $70,106 to $81,992.
Inventory is a vital aspect of running a store, whether a retail or a department store. It is the compilation of the available stock, supplies, and goods in the storage unit or the inventory store.
An inventory manager is responsible for supervising the activities related to inventory, down from record keeping, budgeting, acquisition, payment, logistics, and storage.
Duties of an Inventory Manager
- Monitor the records of the outgoing and incoming shipments of the store.
- Identify shortages in the supplies through close monitoring of the inventory records and tracking system.
- Ensure restocking of the supplies where there is a shortage.
- Organize and implement the best method of arrangement of supplies in the storage unit for easy access.
- Keep and update the inventory operation records.
- Investigate the suppliers and the quality of their goods to determine the cost, delivery, and quality.
- Develop and implement inventory protocols to ease inventory operation.
- Monitor excessive supply and spoilage of the supplies in the inventory.
- Ensure the inventory operations comply with the industry standards and the company policies
- Supervise the stock-taking activities to verify the count.
According to Payscale, the average salary of an inventory manager is $55,824 per annum. The annual salary ranges from $30,000 to $70,000.
Supply Chain Manager
Supply chain managers are essential members of the production process; they ensure that the acquisition of raw materials is appropriately coordinated, delivered promptly, and stored correctly.
They collaborate with the logistics, purchasing, and storage departments to manage the input and output supplies effectively.
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Duties of a Supply Chain Manager
- Create processes that will encourage effective communication amongst the various departments engaged in the production process.
- Review staff members’ and departments’ overall work performance regularly.
- Make sure everyone on staff is familiar with the company’s standards and practices, and use disciplinary measures as necessary.
- Utilize a monitoring system to keep an eye on the supply.
- Prepare monthly activity reports highlighting departmental and individual staff members’ accomplishments.
- Investigate the issues influencing the production process and provide remedies.
- Oversee supply pickups for all items
- Be a part of the capital and operating budget formulation.
- Inform the department anytime departmental policies and processes change.
- Develop positive working ties with the suppliers
According to Payscale, the average salary of a supply chain manager is $84,389. The range of the total salary is from $55,000 to $127,000.
The line supervisor works primarily in the production line to ascertain the process is efficient, and the quality of the production output is top-notch.
They ensure that each worker performs the delegated task according to the schedules on the production line.
Duties of a line supervisor
- Enforce the rules of safety
- Guarantee that standardized work is being done.
- Conduct line walks.
- Establish work plans and assign tasks to employees
- Conduct quality checks on the tools and goods.
- Work together with employees and management to find solutions
- Inform workers about work orders
- Report on employee performance through evaluation
According to studies from Indeed.com, the average salary of a line supervisor is $54,907 per annum.
Online merchants have similar roles as merchants that work physically in a store, with the difference being that they work online.
They are licensed and collaborate with the stores to buy and sell goods using a secure online getaway as the link for processing the payment. Customers get to choose their orders from the website and make inquiries also.
Duties of an Online Merchant
- Take consumer payments and process them utilizing electronic transaction services.
- Handle customer orders or invoices using order management or invoicing software.
- Verify the proof of payment and send confirmation messages to the customers to acknowledge and confirm the delivery.
- Respond to inquiries or grievances regarding items, policies, or shipping procedures from online consumers by email, phone, or other electronic communications.
- Purchase goods for resale via retail or auction websites from physical or online vendors.
- Use e-commerce tools to create the user interface for the online storefront.
According to ZipRecruiter, the average salary of an online merchant is $57,831. The highest compensation package falls at $107,000.
An auctioneer handles the oversight of auction functions; they run the auction program fairly, calling out bids and ensuring the highest bidders get the prize.
Duties of an Auctioneer
- Briefly describe the products up for bid and introduce them to the bidders.
- Go over the offers to make sure they are reasonable.
- Selling goods on behalf of customers and soliciting for bids to establish prices
- Inform the bidders about the rules and process of the auction.
- When an item sells, let others know what it costs.
- Offer an estimate of the item’s value if the item does not sell at auction and interpret bids for the seller
- Document the specifics of the sale in a public record after receiving payment from the seller or buyer.
According to Payscale, the average salary of an auctioneer is $60,000 per annum. The total pay ranges from $21,000 to $117,000 per year.
Final Notes on Best Paying Jobs in Department or Specialty Retail Stores
Retail stores can focus on one kind of product or have different assortments of commodities up for sale. There are various job opportunities in retail stores. However, we choose to explore the best-paying jobs in the article.
Before you go, check out Career Opportunities in the Catering Industry.