There’s no question that many business owners are facing great economic uncertainty in today’s economy. In recent years, employees have become more specific about the types of jobs they want and the perks they expect from their employers. This trend can be attributed to several factors, including increased competition for top talent, a desire for work-life balance, and a growing awareness of the importance of job satisfaction. As a result, employers must be more flexible and creative in their hiring efforts to attract and retain employees. They may need to offer more competitive salaries, flexible work arrangements, and a wider range of benefits and perks to meet the expectations of their prospective employees. With that said, employers have run into new hiring challenges, including the following:
- The Great Resignation
- Retaining top performers
- Low wages turn off job seekers
Ultimately, employers that can effectively meet the needs and desires of their employees are more likely to attract top talent and build a strong and engaged workforce.
Who Are Hourly Workers?
Unfortunately, the job market has impacted hourly workers more than salaried employees. Let’s start by understanding who an hourly employee is. An hourly employee is an employee who is paid a set wage for each hour and are generally entitled to overtime pay, if applicable.
While the hourly wage rose 0.5%, an increase of 5.2% over the past year, it’s still not enough to keep up with inflation. In addition, it has never been more challenging to hire hourly workers. However, there are ways in which you can combat these challenges and hire the hourly workers you want and need for your business. Consider the following to help attract hourly workers:
- Increase wages
- Hire good leaders that your employees trust
- Give your employees more control over their lives - offer a work/life balance
- Provide them with a clear path to their future within your business
Additional Efforts You Can Take
At the end of the day, your employees are your biggest asset. In a tight labor market, you need to stand out from your competition, especially when hiring hourly employees. At GMS, not only do we help create enticing job descriptions that grab the attention of candidates, but we also help you throughout the interview process to find the workers you need. In addition, we help you create a competitive benefits package that your hourly workers want and deserve. Come back later this week to check out additional information that will be beneficial in your search for hourly workers. Contact us today to learn more.