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Two reasons come to mind: Wages are sticky, especially on the down-side. If they pay more now they will have a hard time reducing that pay. New hires might refu
by jcfrei 5y ago
Two reasons come to mind: Wages are sticky, especially on the down-side. If they pay more now they will have a hard time reducing that pay. New hires might refuse to work if they know what a previous employee was paid, etc. And the current lack in labor supply is considered temporary by most companies.
- mrfusion 5y agoPay a monthly bonus based on profits then?
- makeitdouble 5y agoTo chime on mrfusion’s point, temporary bonus is the dedicated way to do it. It can be for any reason, and you can clearly state it’s only for this month, or until the pandemic ends, or whatever. Nobody will hang them over the fire when it ends and it helps adapt to conjectures.