5 ms·

Would it make more sense to have hyper flexible hours. Say you pay 25$ an hour, but it's only 8 hours a week during peak ? I think with the gig economy young

Would it make more sense to have hyper flexible hours. Say you pay 25$ an hour, but it's only 8 hours a week during peak ? I think with the gig economy young people are used to only working when they want.

adamsiem 5y ago
That’s not a market rate. How would you handle the remaining team’s wages? What do you do with that elevated rate if/when the job market returns?
- izend 5y ago
  Increase prices? And if you are having a problem hiring how can you be sure you are offering market rate? The market rate has increased due to PPP1/2.
- falcolas 5y ago
  If you can't get a worker for the "market rate", perhaps the hard answer is that $14 is no longer the actual market rate, and you need to offer more money to get employees. I live in a 50k poulation town, and $14 is not a living wage.
- chrisseaton 5y ago
  > That’s not a market rate. What do you think 'market rate' means? If you aren't able to hire for $14 but someone else is for $18... then $14 is clearly not the market rate and $18 is. That's what a market rate is - the rate things are selling for in the market.
- offtop5 5y ago
  Same reason contracts pay more than salary. If someone can Doordash, etc, and make more( while arguably dealing with less stress) they'll rationally do that. Or since this is HN, can you automate some of these tasks ?
- xwolfi 5y ago
  But what if the supply gets tighter ? The market rate must adapt (since it's a market). You may have to raise everyone or hire no one new, or vote for a communist 5-year plan. Imagine if instead everyone wanted to work at your restaurant, EVERYONE, you'd fire your 6 guys and pay $2 their replacement, no ?
- lhorie 5y ago
  > I assume they are increasing their hourly rate due to Doesn't that maybe suggest that $18/hr is probably the current market rate then? My understanding of market rate is "amount at which the two parties are willing to negotiate", not "amount that the employer wants to lock in at, all other factors be damned" If one can't afford to pay competitive wages, that may suggests they're not actually financially healthy enough to stay in business.
- jolux 5y ago
  What do you mean when you keep saying “market rate?” You describe your competitors poaching your employees by paying them more, and saying it’s not fair because you can’t pay them that. Tough shit buddy! Sounds like you’re paying below market.
- xboxnolifes 5y ago
  market rate is whatever people are willing and able to be paid to do the work at.
taylodl 5y ago
That's an interesting idea - an "Uber" for general work. You're vetted for having certain skills. A business needs workers having that skill from say 7pm - 10pm this evening. You can bid in your price. The business owner can then choose the worker they want at the price they want. What I'm wrestling with is whether this is utopian or dystopian? That's why I say it's an "interesting" idea. I can see it appealing to some people and not appealing at all to others. Maybe there's room for both kinds of people in the labor market? Your "base" workers who are always there and reliable and the "peakers" who are taking care of your excess load at peak times?
- offtop5 5y ago
  This already exist. https://www.snagajob.com/ https://www.snagajob.com/ I imagine it depends on your situation. If I was 19 I'd love it. I'd hate living like this with a family to support
ecnahc515 5y ago
This exists, specifically for the industry (food service) OP is talking about: https://www.pared.com/ https://www.pared.com/.

adamsiem 5y ago

That’s not a market rate. How would you handle the remaining team’s wages? What do you do with that elevated rate if/when the job market returns?

izend 5y ago
Increase prices? And if you are having a problem hiring how can you be sure you are offering market rate? The market rate has increased due to PPP1/2.
falcolas 5y ago
If you can't get a worker for the "market rate", perhaps the hard answer is that $14 is no longer the actual market rate, and you need to offer more money to get employees. I live in a 50k poulation town, and $14 is not a living wage.
chrisseaton 5y ago
> That’s not a market rate. What do you think 'market rate' means? If you aren't able to hire for $14 but someone else is for $18... then $14 is clearly not the market rate and $18 is. That's what a market rate is - the rate things are selling for in the market.
offtop5 5y ago
Same reason contracts pay more than salary. If someone can Doordash, etc, and make more( while arguably dealing with less stress) they'll rationally do that. Or since this is HN, can you automate some of these tasks ?
xwolfi 5y ago
But what if the supply gets tighter ? The market rate must adapt (since it's a market). You may have to raise everyone or hire no one new, or vote for a communist 5-year plan. Imagine if instead everyone wanted to work at your restaurant, EVERYONE, you'd fire your 6 guys and pay $2 their replacement, no ?
lhorie 5y ago
> I assume they are increasing their hourly rate due to Doesn't that maybe suggest that $18/hr is probably the current market rate then? My understanding of market rate is "amount at which the two parties are willing to negotiate", not "amount that the employer wants to lock in at, all other factors be damned" If one can't afford to pay competitive wages, that may suggests they're not actually financially healthy enough to stay in business.
jolux 5y ago
What do you mean when you keep saying “market rate?” You describe your competitors poaching your employees by paying them more, and saying it’s not fair because you can’t pay them that. Tough shit buddy! Sounds like you’re paying below market.
xboxnolifes 5y ago
market rate is whatever people are willing and able to be paid to do the work at.

taylodl 5y ago

That's an interesting idea - an "Uber" for general work. You're vetted for having certain skills. A business needs workers having that skill from say 7pm - 10pm this evening. You can bid in your price. The business owner can then choose the worker they want at the price they want. What I'm wrestling with is whether this is utopian or dystopian? That's why I say it's an "interesting" idea. I can see it appealing to some people and not appealing at all to others. Maybe there's room for both kinds of people in the labor market? Your "base" workers who are always there and reliable and the "peakers" who are taking care of your excess load at peak times?

offtop5 5y ago
This already exist. https://www.snagajob.com/ https://www.snagajob.com/ I imagine it depends on your situation. If I was 19 I'd love it. I'd hate living like this with a family to support

ecnahc515 5y ago

This exists, specifically for the industry (food service) OP is talking about: https://www.pared.com/ https://www.pared.com/.