A hike in pay isn't enough to win the labor war
The labor shortage has been eminent throughout the country. Those who lost their jobs during the peak of the pandemic are now highly sought after. Employers are trying really hard to attract new workers as well as sustaining the existing ones. One of the common measures of doing so is by increasing the pay. Retail chains like McDonald's, Chipotle, Walgreens Boots Alliance and Walmart are examples of companies who have increased their worker's pay and base price. Papa John's has even started offering referral bonuses and appreciation bonuses.
However doing just this might not be enough, especially when competitors come up with newer techniques to attract labor. Some measures adopted by organizations include: supporting career ambitions along with pay raises. The companies are giving out the message that they care about the career growth and ambitions of their employees, by providing guidance and reassessing their tuition reimbursement policies. Focusing on the worker's skills and interests instead of a four-year degree is another trend. Some even go to lengths of guiding their employees to look at personally beneficial
opportunities even if it is in another company.
Source: CNBC
Category
Gender Identity
Consultation
Unemployment Benefits
Workplace Harassment
Labor Relations
Relationship Management
Performance Management
Ethical Practice
Religion & Spirituality
Age
Substance Abuse
Parental Leave
Employee Data Privacy
Background Checks
Employment Law & Compliance
Benefits Reporting & Disclosure
Employment Offers
Disaster Preparation & Response
Contemporary Issues
Termination
Vendors & Software
Employee Conduct
Payroll
Workplance Violence
Compensation & Benefits
Privacy
Ethnicity
Global Mindset
Job Descriptions
Employment Contracts
Employee Handbooks
Open Enrollment
Leave Management
Contracts & RFPs
Employee Resource Groups
Mental Health Benefits
Workers' Compensation
Disability Benefits
Employee Surveys
Eligibility Verification (I-9)
Overtime Pay
Raise
Technology
Overtime Eligibility &
Health Care Benefits
Remote & Hybrid Work
Opening
Succession Planning
Opening & Closing
Workplace Stories
Tags
Article
Driver Jobs to Watch Out For
If you love being on the road, if you love driving with the wind rushing through your hair, if your ...
How to Cope with America’s Return-To-Office Plans
If you’re looking forward to shifting from remote to in-office work, here are a few ways to cope wi ...
25+ Hiring Strategies To Help You Source Talented Candidates
Companies have resorted to digital hiring processes to ensure health, safety, and convenience to jo ...
These Companies Are On Holiday Hiring Spree-Are You Ready?
The current unemployment rate in the US stands at 6.7%, which is almost double the rate in February ...
Comments