27 Aug 2021
Posted in Business Fundamentals
Monro hopes job listings boost and sign-on bonuses will help meet surge in customers, says GlobalData
US-based automotive company, Monro, has stepped up hiring in hope that it can meet service demands alongside building the workforce required to acquire new stores, according to GlobalData. The leading data and analytics company’s Jobs Analytics database notes that Monro has posted over 3,400 jobs between June 2021 and August 2021*. Interestingly, over 2,000 of these offered sign-on bonuses of between $1,000 and $1,500.
Ajay Thalluri, Business Fundamentals Analyst at GlobalData, says: “Monro is witnessing high traffic at its stores, with consumers driving more miles and seeking car inspections and repairs. Monro also added 44 net new stores, according to its earnings transcript for the period ending June 30, 2021.”
GlobalData’s Job Analytics database shows that the sign-on bonus is a recent offer that appeared in Monro’s job adverts from June 2021. The company posted 3,000 new jobs in June-July 2021, and closed around 2,800 jobs during the same period.
The listing of a ‘Zone Recruiting Manager’ suggests that Monro intends to increase hiring in the Midwest, New England, Southern California and New York state. This role requires the incumbent to have experience recruiting in a high-volume, multi-unit, multi-state retail environment. Further, Monro’s listing for a mid-level ‘District Manager’ role will be responsible for workforce planning, hiring, training, counselling, developing store managers and retention of teammates.
The NASDAQ-listed company is prominently hiring for roles such as general automotive technicians, technicians specialising in lube and tires, automotive store managers, and local delivery drivers.
Thalluri concludes: “Monro’s surge in job listings comes under the watch of Matt Henson, Chief Human Resources Officer, who was appointed in July 2021. He is known for having built large-scale teams at AutoZone. With its active acquisition pipeline and plans to open new green fields in underpenetrated regions, the company is likely to continue increased hiring in the near future.”
*Data updated to 13 August, 2021