Diversity, equity, and inclusion (DEI) in the workplace, growing in importance and visibility, is not simply the representation of differences among your employees but equal opportunity for and full participation by all your employees. DEI focuses on a host of differences, often those historically subject to underrepresentation or discrimination, including race, gender, ethnicity, religious affiliation,…
Statistics
7 Ways COVID-19 Changed B2B Sales
As a result of the COVID-19 pandemic, there were significant changes to the preferences of B2B customers in how they wanted to learn about suppliers and interact with them. It also forced businesses to prioritize employee retention, utilize new data sources, and emphasize action over beliefs. Here are seven key post-COVID sales trends that have…
19 Employee Retention Statistics for 2022
Employee retention—an organization’s attempt to maintain its current workforce—should be the No. 1 priority of every small business. To do this, you must engage your employees, create a desirable company culture, and pay them a fair wage. The following employee retention statistics can help your business retain your employees in a way that is beneficial…
11 Sales Statistics You Need to Know for 2022
Sales statistics use data to paint a picture of the general sales climate and changing trends in terms of sales activities, agents, prospects, and customers. They offer substantial and compelling evidence to inform your company’s sales strategies, tactics, and adjustments. From knowing that 50% of your prospects aren’t a good fit to the habits of…
19 Contactless Payment Statistics for 2022
Contactless payments are transactions made by tapping a contactless chip card, payment-enabled mobile device, QR code, or wearable device over a contactless-enabled payment terminal. The COVID-19 pandemic sped up contactless payment adoption for both businesses and consumers. Now, contactless payments are viewed as a more convenient and clean way to make transactions. Below, we will…
20 Ecommerce Statistics: Online Shopping in 2022
Since the COVID-19 pandemic, the retail landscape has changed permanently. Trends accelerated by quarantine and economic uncertainty are here to stay—including ecommerce as a growing percentage of retail sales. Let’s take a look at 20 ecommerce statistics that can help prepare you to capitalize on the growing digital world. Growth & Buying Trends 1. Global…
28 Entrepreneurship Statistics & Trends to Know for 2022
Despite the COVID-19 pandemic, entrepreneurship is on the rise. There’s good and bad news in recent data, both important to know for supporting your entrepreneurial endeavors. We’ve divided key entrepreneurship stats into eight overall categories to help guide your current and future entrepreneurial decisions. Introductory Statistics 1. 440,000 startups were formed in the US in…
31 Retail Statistics for 2022: The State of Brick-and-Mortar
Retail, especially in the past several years, has been an industry full of change. Understanding this change is vital for the success of your business, whether it is well-established or newly launched, as it will help you tune in to what your industry is doing and how consumers are evolving. Here we will look at…
13 Payroll Statistics You Need to Know in 2022
For small businesses with employees, payroll is a significant part of operations—both financially and administratively. Payroll tasks overlap with complex employment laws and confusing tax rules and can affect various business areas. Understanding overall payroll statistics and trends can help companies estimate when certain workforce changes might begin to affect them, so they can prepare…
41 Online Shopping Statistics Retailers Should Know in 2022
Online shopping statistics show that while brick-and-mortar purchases still make up a majority of consumer spending, online shopping is steadily on the rise. And, with the added strain of the COVID-19 pandemic on in-store shopping, many legacy brick-and-mortar chains are struggling. Meanwhile, a crop of new small businesses, direct-to-consumer retailers, and ecommerce startups are gaining…
30 Shopping Cart Abandonment Statistics to Know for 2022
Shopping cart abandonment statistics show that approximately 68.7% of online shopping carts are abandoned before the purchase stage due to extra costs, complicated checkouts, and account creation requirements. This is a big deal—ecommerce stores lose $18 billion in sales revenue each year because of cart abandonment. We’ve gathered a list of 30 shopping cart abandonment…
19 Recruiting Statistics to Understand Hiring in 2022
Recruitment statistics illustrate dramatic changes in hiring, especially over the last few years. Applicants have influenced some of these changes, with societal and environmental changes influencing others. Using data as a guide, your organization can adapt and stand out to potential employees. Here are the most important recruiting statistics you need to know. Remote Work…