With a shortage of workers right now, it may be beneficial to ease the situation | Small American Business

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IIt is not news that employers are struggling to fill vacant positions. There are a lot of different reasons why so many people stay at home – the lack of childcare options and an ongoing health and safety fear of stimulus payments and increased unemployment benefits. federal. None of this is really relevant to small business owners at this time. The point is, despite a growing economy and increased demand, there is a serious labor shortage and just about every small business owner I talk to has a hard time finding people.

So what are these companies doing to solve this problem?

For starters, many employers across the country are simply increasing the wages of workers. To compete with the biggest chains, independent restaurants like the one in Philadelphia HipCityVeg push wages up to $ 15 an hour. A restaurant in Ohio offers a special “pandemic pay” program for new workers. Convenience store chains in Pennsylvania Sheetz, Wawa and Rutters all announced hourly wage increases and “summer stimulus” programs.

Delaware’s Peninsula Golf and Country Club is raising wages by 20% for some workers. “There’s no workforce there,” said Greg Tobias, director of Ocean Atlantic Companies, a group of companies that includes real estate development and the country club. told the New York Times. “It’s not even a question of, are you paying enough money?”

But it’s not just about raising wages. Many companies, like Cyrus O’Leary’s ads in Washington State, the Riverside Hotel in downtown Fort Lauderdale, and the Santikos Cinemas in Texas offer signing bonuses ranging from $ 500 to $ 1,000 for joining their businesses. Other companies like the Anna Maria Castle in Holmes Beach, Florida and the amusement park Palace Playland in Old Orchard Beach, Maine, pay a referral fee to their employees to help them find good worker candidates.

Some companies really go to the extreme. For example, the Wall Street Journal Reports that companies are offering vacations in the Caribbean and Teslas to potential new workers. Others donate items like slippers, coffee mugs, stress balls, cookies and whiskey. Yes, whiskey!

A McDonald’s franchise in Florida would offer $ 50 just for an interview. A Sushi restaurant in Tampa does the same using the Dogecoin digital currency. The shrimp basket in Baldwin County, Alabama, is draw of a SUV because, as its HR manager admits, “at the moment we find it very difficult to convince employees to show up and apply, so why not raffle something big and someone said OK, how about a car? ” Hey, why not?

States and cities are also stepping in. West Virginia says he will pay up to $ 12,000 for workers to move there. Topeka, Kansas, in partnership with local employers, is offering people up to $ 16,000 to relocate there. Tulsa, Oklahoma nonprofit says it will pay $ 10,000 to remote workers who move to Tulsa and this year sweetened the deal with a lump sum payment offer of $ 10,000 for people to buy a house there. Services like MakeMyMove sprouted to help people find deals and get paid to move.

I still haven’t finished.

Many companies are reviewing their benefits. New York-based tech company Avanade is allowing their people create their own schedules so that employees can “create more sustainable models”. A popular cafe in Las Vegas is also alternating working hours focusing on improving the mental health of their employees. Some employers – like the owner of five restaurants in Arizona and in an online education business Analysis of test preparation – offers help with tuition fees and student loans.

The reality is this: Free market economies are driven by supply and demand. At present, there is simply a high demand for labor and a low supply. There isn’t much that small businesses can do to change the situation, but in the end the situation will balance itself out. Extended unemployment benefits will expire in September. Schools will reopen completely. More people will be vaccinated and others will feel better about returning to the workplace. People will go back to work.

But in the meantime, small business owners have to come to terms with the fact that when something is missing, the cost goes up. It means paying workers more. Maybe temporarily. Maybe longer. It is the basic economy. Some business owners understand this and are taking action. They are the ones who will attract the best talent and position themselves better for the future.

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