Randy Eschels photo
Garett Eschels photo

 

Randy Eschels, CLU, ChFC, CFP®

 

Garett Eschels

 

 

Eschels Financial Group, Inc.

555 S Old Woodward Avenue, Suite 612

Birmingham, MI 48009

 

Phone:  248-644-1144

             800-969-9990

Fax:      248-644-7820

 

randy@eschelsfinancial.net

garett@eschelsfinancial.net

www.efg-ida.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.


SUBSCRIBE

Enter your Name and Email address to get
the newsletter delivered to your inbox.

Please include name of person that directed you to my online newsletter so I can thank them personally.


CONTACT US

Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

Securities offered through Concourse Financial Group Securities, Inc. (CFGS), Member FINRA/SIPC. Advisory services offered through Concourse Financial Group Advisors, a DBA for CFGS, a Registered Investment Advisor. Eschels Financial Group, Inc. is independent of CFGS.
Eschels Financial Group, Inc. and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.