KEEPING GOOD WORKERS IN A TIGHT LABOR MARKET

摘要

A recent headline from The Wall Street Journal noted the tight job market is returning the upper hand to American workers as the economy continues to open. Warehouses have hiked wages and now pay $26 an hour on average. Ballooning job openings in fields requiring minimal education, combined with a shrinking labor force, are leading employers to compete for low-wage workers by offering signing bonuses and other perks. Are you doing all you can to retain your best workers? Because small businesses typically have limited resources, holding on to quality talent and experience is crucial to business success. Effective employee retention strategies not only can improve worker morale, but they also ensure your best workers will continue to work for you and not your competition. Employee retention strategies vary from business to business, but typically involve an investment in every aspect of the employee experience. A company that values employee retention carefully screens job applicants and establishes an effective hiring process. Recruits are provided with a comprehensive onboarding process and receive regular feedback and support from management.