Better Hiring: Higher Salary - Deepstash
Hiring the Best in Class

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Hiring the Best in Class

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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.

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163 reads

MORE IDEAS ON THIS

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 u...

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333 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 payrol...

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130 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 ...

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163 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 th...

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125 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...

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134 reads

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