In October 2019, a White House press release shared an incredible piece of news: the national unemployment rate had fallen to 3.5 percent, its lowest point since May 1969. While some economic experts are predicting that a slowdown is just around the corner—if not another recession—the economy and the job market are remarkably robust. This booming economy has created one of the biggest job-seeker’s markets in recent American history, one in which talented candidates can essentially sell their skills to the highest bidder.
While offering the highest-possible salary is one strategy that employers can use (and have used) to attract and retain talent, competitive pay is not a tool that all small businesses have in their arsenals. These businesses can’t always compete with bigger corporations in the wages that they pay. The good news is that money isn’t everything: today’s job seekers are looking for vibrant company cultures that make coming to work every day fun and appealing and innovative benefits that make taking a lower paycheck worthwhile.
In this white paper, we examine ten non-salary strategies that small businesses can use to compete for the top talent in their industries.
Follow the link to read or download the full white paper.