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Avraham "AY"  Rappaport, CLTC

President, Financial Professional

 

Yaniv "Jay" Natanov

President, Financial Planner

 

Eli Rappaport

Vice President, Financial Planner

 

Shlomo Rosenstein

Financial Professional

 

Ozzie Marizan

Financial Planner

 

Joseph Greer

Office Administrator

 

Premier Financial

6395 Dobbin Road, Suite 102, Columbia, MD 21045

 

Phone:  240-309-6001

 

Email: joseph.greer@prudential.com

Website: premierfinancial1.com

March/April 2022

Is a Worker Shortage Affecting Your Business?

Is a Worker Shortage Affecting Your Business

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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Life insurance is issued by The Prudential Insurance Company of America, Newark, NJ, and its affiliates. Premier Financial is not affiliated with Prudential Financial. Premier Financial sells insurance products of Prudential Financial's affiliated insurance companies in addition to products of non-affiliated insurance companies. Premier is authorized to sell and service certain insurance products of Prudential Financial companies as well as use this material. Premier Financial and its representatives do not give tax or legal advice. Please consult with your own advisors regarding your particular situation. Offering financial planning and investment advisory services and programs through Pruco Securities, LLC (Pruco), under the marketing name Prudential Financial Planning Services (PFPS), pursuant to a separate client agreement. Offering insurance and securities products and services as a registered representative of Pruco, and an agent of issuing insurance companies. 1-800-778-2255. Joseph Greer is employed by Eli Rappaport and not The Prudential Insurance Company of America or its subsidiaries.
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