U.S. dealership jobs grew 3.4% last year; high weekly earnings

U.S. dealership jobs grew 3.4% last year; high weekly earnings

Total dealership employment grew 3.4 percent last year and topped 1 million people, according to NADAês 2014 Dealership Workforce Study Industry Report.

–As the appeal of careers with new-car and -truck dealerships grows, so do the opportunities for these businesses to attract top talent,” said John Lyboldt, NADAês vice president of dealership operations.

A few of the studyês key findings:

« Dealership weekly median earnings of $976 are 25 percent higher than the $782 earned by private employees.

« Median weekly earnings grew by 1.3 percent a slower pace than the 3.7 percent rate in 2012.

« Turnover rose slightly to 36 percent, but is still less than the private sectorês 42 percent.

« Sales rep. turnover remained higher than the rest of the staff, at 66 percent.

« Nearly half of new hires at dealerships are millennials (born from the early 1980s to early 2000s), who now make up 27 percent of the dealership workforce.

« Of active payroll employees, nearly 18 percent are women, similar to last year.

« The percentage of dealerships that schedule employees to work more than 45 hours per week has dropped significantly in the three years of the study. Only 13 percent of dealerships surveyed schedule salespeople to work more than 50 hours.

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