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Pay. More. Money. There, I solved it for every single one of the "struggling" employers. Money is a proxy for everything.
by notyourday 9y ago
Pay. More. Money.
There, I solved it for every single one of the "struggling" employers. Money is a proxy for everything.
- tim333 9y agoThough with unemployment around 4.3% you may be paying up for mediocre employees you are then stuck with for a long time.
- notyourday 9y agoThat's simply pay inflation.
- UK-AL 9y agoWhich over a long term can attract more people to the field.
- notyourday 9y agoWhich in turn creates a supply pressure which allows companies to lower the pay.
- quantumhobbit 9y agoIf you want better than mediocre employees then guess what the solution is? More money! Although mediocre employees can often become great employees with some training and coaching.
- owebmaster 9y ago> Although mediocre employees can often become great employees with some training and coaching. Although mediocre employees can often become great employees with some MORE MONEY!
- samfriedman 9y agoTrue, but it's often the case that the money is spent inefficiently or on the completely wrong things. More money + proper spending = worker growth.
- tantalor 9y ago> stuck with Huh?
- Bartweiss 9y ago> you are then stuck with for a long time Not in the US? I've heard this cited as a reason for very slow recovery in countries like France with strict firing/closure laws, yeah. But in an at-will state in the US, it's not so tough. Sure, firing 20% of your workforce will make the news, but if you're just firing bad employees you can do it on a rolling basis or otherwise avoid the issue.
- avs733 9y agoYou don't get to demand a free market out of one side of your mouth and complain about it from the other. When there is less supply and there is more demand prices generally go up.
- eli_gottlieb 9y agoWell yeah. Because unemployment of 4.3% means your stingy self is competing with a whole lot of less-stingy people for the good employees.
- thebiglebrewski 9y agoI would do that...for money!