Final answer:
The false statement is that people are more loyal to their employers because they find more meaning in their work. In practice, long-term loyalty has decreased due to multiple career changes expected throughout individuals' lives and other economic trends.
Step-by-step explanation:
The statement amongst the given options about the changing nature of work impacting retailers that is false is: "Because people are finding more meaning in their work, they are more loyal to their employers." This statement runs contrary to the general trends observed in the modern workforce, where long-term employment loyalty has diminished. Factors such as the need for more education and training, the inclusion of women and minority groups in the workforce, and the occupational mobility that compels workers to expect multiple career changes throughout their lives, all contribute to a lower sense of employer loyalty.
Employment trends in the modern job market show a shift towards frequent job changes, part-time or contract work, and the necessity of learning new skills. Jobs are being outsourced, and industries are consolidating, which has affected both blue-collar and white-collar sectors. Adjustments in job transitions can be complex, involving relocations or complete career changes. The frictional unemployment that stems from such job transitions reflects these dynamic economic conditions.
Retailers indeed face challenges such as high turnover rates, which might reach up to 75% for entry-level personnel. They are exploring new opportunities like employing home-based workers and recruiting from previously untapped talent pools such as disabled individuals. To mitigate these challenges, it's important for retailers to enrich job experiences and reduce turnover rates.