A hike in pay isn't enough to win the labor war

Sep 02, 2021
225 views
0 comments
Share
Background Checks

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

225 views
0 comments

Tags In

Previous days news

Sep 1 Aug 31 Aug 30 Aug 27 Aug 26

Best tech jobs in the United States : BLS data

Sep 06, 2022
513 views
0 comments
Background Checks

For several reasons, the IT sector is appealing to job seekers. ...Read more

Salaries for Californian fast food employees might rise to $22 per hour

Sep 06, 2022
481 views
0 comments
Background Checks

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Workers leave as job dissatisfaction grows

Aug 17, 2022
548 views
0 comments
Background Checks

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

Microsoft offers graduates from African nations job prospects in the US & Canada

Aug 17, 2022
452 views
0 comments
Background Checks

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

Casper is hiring professional sleepers

Aug 10, 2022
521 views
0 comments
Background Checks

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

A hike in pay isn't enough to win the labor war

A hike in pay isn't enough to win the labor war

Tags In

Others news

Category

Tags

Articles