Craig Lundquist and Kristin Becker photo
Ideal Wealth Advisors logo

Craig Lundquist, MBA, ChFC®, CRPC®

VP of Wealth Management

craig.lundquist@lpl.com

651-773-2757

 

Kristin Becker

Senior Administrative Assistant

kristin.becker@lpl.com

651-773-2821

 

Ideal Wealth Advisors

Located at Ideal Credit Union

8499 Tamarack Road

Woodbury, MN 55125

 

CRPC conferred by College for Financial Planning

March/April 2022

Is a Worker Shortage Affecting Your Business?

Smiling successful young asian applicant handshake with hr manager feels happy getting hired, boss congratulating employee new job employment concept. Horizontal photo banner for website header design

Extra unemployment benefits ended last September. The pandemic is beginning to ebb. The country is slowly returning to normal, so why aren’t workers going back to work? There are many theories, from daycare issues to quality-of-life concerns, but theories don’t fill jobs. If your small business is missing some of its workforce, consider the following options for attracting new workers or encouraging former employees to return to the fold.


Money as a Motivator
Because of the labor shortage, potential workers may feel they are in good bargaining positions to ask for higher wages. Paying more than your competitors and offering sign-on incentives may help you recruit more people for your business.


Work from Home
As the past two years have demonstrated, many businesses can function smoothly without having every employee in the office. While not all businesses can offer this option, working from home can be an attractive incentive for people to join your company.


Flexible Schedules and Leave Time
Most everyone, especially parents and caregivers, appreciates a work schedule that allows them to juggle work with other life responsibilities and still maintain productivity. If suitable for your business, flexible scheduling and a generous leave policy may motivate workers to consider your company.


Learning Opportunities
Programs or courses that enhance employees’ skills and knowledge are a worthwhile investment. You could offer employees the opportunity to participate in industry seminars and certification programs, college courses, or other accredited programs. Consider hosting programs on site that teach software and other career skills that can help employees be more productive.


Giving Back
Allowing employees to take paid time off to volunteer for causes that are important to them benefits the community and your workers. Let each employee choose a cause or organization that he or she wants to support, or choose one or more charities to support as a company.


Wellness in the Workplace
Set up a program that regularly brings in instructors to lead fitness or wellness classes. Arrange an incentive for employees who participate.

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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Ideal Credit Union and Ideal Wealth Advisors are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Ideal Wealth Advisors, and may also be employees of Ideal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of Ideal Credit Union or Ideal Wealth Advisors. Securities and insurance offered through LPL or its affiliates are:

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