Big companies are driving up wages, but there are other ways to compete for talent. Attract talented, ambitious people by giving them more control over their lives. Hourly workers want to make their daily lives and financial lives more predictable. Employers can assist by offering early access to pay, flexible scheduling, healthcare assistance, benefits where possible, and paid leave options.
The number one thing workers want more than money is a great boss. If your employees are engaged by a leader they trust, it can take a pay raise of more than 20% to poach them (Gallup). Here are the other 7 things you can do to hire and retain when you can’t afford to pay top dollar:
- EARLY ACCESS TO PAY
- FLEXIBLE, PREDICTABLE SCHEDULES
- PAID TIME OFF & LEAVE
- EQUITY & INCLUSION
- CAREER ADVANCEMENT
- BENEFITS
- A “DIGITALLY NATIVE” WORK EXPERINECE