Have you ever visit your favorite store and imagine yourself working behind the till or better still, managing the store. Also, you’re probably considering the necessary requirement you might need to land yourself a job in retail! Feel relaxed as we guide you through.
What are the functions of retail store manager?
- A retail store manager oversees the day to day operations of a retail store.
- Their job consists of monitoring stock levels, supervising employees, as well as looking after the financial performance of a store.
- They are also responsible for monitoring security as well as handling money matters
- Hiring and training new store employees as well as managing existing employees
- If the retail store is part of a large chain, the retail store manager will present corporate changes and sales quota expectations to the staff.
- They ensure proper coordination of the store.
Conclusively, the function of a retail manager is to run the store successfully. They are also responsible for proper coordination of their colleague’s activities so as to provide the best customer service
Education Requirements Of A Retail Store Manager
Although a formal degree or qualification is not needed to become a retail store manager, most of the people who work for high end department stores have a bachelor degree in business administration, or a retail management degree.
With many large organizations having a policy to promote from within, this is also an ideal way to become a retail store manager.
You will have a good understanding of how the store operates across different levels by working in a range of different positions.
There are often recruiters and human resources officers working in retail stores looking for the right person to promote so it’s advisable to always take any training your company offers you.
Also, in order to help your career along the way, ensure you’re studying at night, or in your free time, particularly if you do not have a college degree.
Community college offer many program that could help you, and some companies even run their own in-house training programs for those that are interested.
For Instance, Brookes College offers a fast tracked Business Administration diploma program specializing in Retail Management with an asynchronous style of teaching experience, where the instructor is present throughout your program to professionally guide you to achieving a career as a Retail Store Manager. You’re also required to finish 200 hours of practicum experience, included within the program, to kick start your career. You can graduate with honors in this program within just over an year (54 Weeks). Brookes College also supports with Continuous Professional Development until you land a job.
Furthermore, the following are the basic things most employers consider when hiring a retail manager:
- Five years in a retail environment, including time in leadership roles
- Experience with direct sales, marketing, and recruiting (preferred)
- Strong organizational and communications skills
- Prior experience in hospitality (preferred)
Retail Manager Job Description
You will be given a wide range of duties when you become a retail store manager. Sometimes your role will be hands on, for instance you could be stocking shelves or dealing with a customer.
It’s not likely that two days will ever be the same working as a store manager as new challenges will always appear, which is what makes this job so rewarding.
When you become a retail store manager, bear it in mind that you may need to work some odd hours, including weekends and holidays.
Steps to becoming retail store manager
- Earn a high school diploma or an equivalent. You can start an entry-level career in retail without a diploma or an equivalent, but becoming a retail store manager usually requires one. For those without a high school diploma, the General Education Development test (GED) can be taken to earn a nationally recognized credential equivalent to a high school degree
- Work in retail. Consider accepting an entry-level position in a retail store, and if possible, for the company you’re interested in becoming a store manager for. This experience can allow you to practice customer service skills and learn about how a store organizes and sells its products.
- Earn a business degree. If you pursue post-secondary education, an associate’s degree or a bachelor’s degree in a business-related field can make you a much more competitive candidate for retail store management positions, and provide you with much of the fundamental knowledge required to effectively manage a retail store. During this time, you may wish to also earn your RMC certification.
- Become a department manager. After you’ve completed your education and started working in the retail field, you may advance to working as a department manager within a store. This role can help you earn management experience and help you transition from working at the associate level to having greater responsibilities within your store.
- Advance to a store manager. If your retail experience is with a larger chain of retail stores, you may transfer locations to secure a retail store management position. If your retail experience is with a smaller company without many locations, or if you’re not able to find a position to transfer into, you may opt to search for retail store management positions in other stores.
Schematic representation of a retail store manager career path
Salary Of A Retail Store Manager in Alberta
The salary of a retail store manager differs, depending on the kind of store they manage. The Average retail store manager salary in Alberta is $49, 513 CAD while its overall in Canada is $46,496 CAD. The following are the pay difference across major cities in Canada
Pay Difference by Location
Employees with Retail Store Manager in their job title in Vancouver, British Columbia earn an average of 8.7% more than the national average. These job titles also find higher than average salaries in Toronto, Ontario (6.9% more) and Edmonton, Alberta (6.5% more). The lowest salaries can be found in Winnipeg, Manitoba (3.0% less), Calgary, Alberta (0.9% less) and Ottawa, Ontario (0.2% less)
What is the Estimated Pay by Experience Level for Retail Store Managers in Alberta, Canada?
An entry-level Retail Store Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $39,025 CAD based on 46 salaries. An early career Retail Store Manager with 1-4 years of experience earns an average total compensation of $42,466 CAD based on 1,104 salaries.
A mid-career Retail Store Manager with 5-9 years of experience earns an average total compensation of $46,648 CAD based on 864 salaries. An experienced Retail Store Manager with 10-19 years of experience earns an average total compensation of $50,251 CAD based on 916 salaries. In their late career (20 years and higher), employees earn an average total compensation of $52,140 CAD.
If you are already in the retail industry and would like to upgrade your skill set to become a Retail Store manager, then you can do so for FREE. Head to Brookes Learning and sign up for a FREE online course of your choosing from a vast library of 500+ online courses and upgrade your skill set at no cost for a limited time.