Employers Are Struggling to Hire Workers. Here Are 4 Things They Can Do about It. - Deepstash
Employers Are Struggling to Hire Workers. Here Are 4 Things They Can Do about It.

Employers Are Struggling to Hire Workers. Here Are 4 Things They Can Do about It.

Curated from: insight.kellogg.northwestern.edu

Ideas, facts & insights covering these topics:

6 ideas

·

1.15K reads

8

Explore the World's Best Ideas

Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.

Not Enough Workers

Not Enough Workers

Help-wanted signs are visible across the economy at a variety of businesses—especially in hospitality, manufacturing, and construction—as trying to hire enough workers amid an economic rebound can be a difficult task.
The pace of hiring cannot keep up with demand, even though the current unemployment rate of just over 6 percent remains well above the historically low pre-pandemic levels of 2019.

10

355 reads

Fear Of Coming Back To Work

Recent government survey data show that people are reluctant to seek work because of fear of getting sick. In addition, widespread layoffs and furloughs during the early months of the pandemic left many workers feeling distrustful and vulnerable.

A lack of trust in employers and the fear of being let go again could keep many people away from the workforce for as long as possible.

10

182 reads

Better Hiring: Higher Salary

Offer higher wages—and not just signing bonuses. To attract workers, including hourly employees, some employers have resorted to signing bonuses. Restaurants, for example, are offering bonuses when people are hired or after a period of a few months.

Although a signing bonus puts money in someone’s pocket immediately, far more impactful is for employers to pay more than minimum wage as recognition of employees’ value to the organization. Amazon, for example, is offering an average of $17 per hour, above the minimum wage of $15 per hour.

10

181 reads

Hire Better: Give employment guarantees

Giving no-layoff guarantees to employees, perhaps after a probation period, would increase engagement and reduce mistrust.

After making massive layoffs in the early days of the pandemic, many employers announced in 2020 that they would cease making cuts in their payrolls as a way to stem anxiety among workers. It’s time for employers to make these pledges again as they bring back furloughed workers or hire new people.

11

146 reads

Hire Better: Address the loss of working women

The pandemic has hit working women particularly hard, with one in four considering leaving the workforce or scaling back their careers compared with one in five men.

Among the hardest hit have been working mothers, especially those with children under the age of 10, due to childcare needs and at-home learning. Employers can provide child-care benefits and flexible working hours.

10

147 reads

Hire Better: Address Fears Of Working In-Person

Understand employees’ discomfort with in-person work. While many organizations are preparing to resume some degree of in-person work, a recent survey reported that 31 percent of workers said they were not comfortable with returning physically to the workplace.

Understanding how employees feel can help business leaders gauge the importance of offering flexible solutions, possibly including a hybrid of in-person and remote work.

11

140 reads

IDEAS CURATED BY

hebrow

Production designer in theatre/television/film

Heather Brown's ideas are part of this journey:

Hiring the Best in Class

Learn more about corporateculture with this collection

Conducting effective interviews

Identifying the right candidates for the job

Creating a positive candidate experience

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates