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On Target Financial

 

5301 SW 7th Street, Topeka, KS 66606

 

Phone:  785-272-5000

Fax:      785-272-6725

 

Joseph G. Prokop, CFP®, CRPC®

 

Website: www.ruontarget.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 less of a concern. 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 some options for attracting new workers or encouraging former employees to return to the fold.


Pay 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 Options
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, and especially parents and caregivers, may appreciate a work schedule that allows them to juggle work with other life responsibilities and still maintain productivity. If it’s suitable for your business, flexible scheduling and a generous leave policy may motivate workers to consider your company.


Continuing Education
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.


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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Investment advisory services offered through Cambridge Investment Research Advisors, Joseph Prokop, Investment Adviser Representative. Cambridge and On Target Financial are not affiliated.
On Target Financial 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.

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