News & Commentary
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The No. 1 thing you have to have to attract and keep workers as an employer is competitive compensation. One of the problems we found is that employers feel like they have increased wages for workers, but employees said either they haven’t seen great wage gains or those workers saw wage gains wiped out because of inflation, or both.
“It really felt like a point in time when companies were asking what they could do to be more competitive for talent and without asking workers, who would know[?],” Burke said.
In a recent survey of over 750 local employers by the Fund for our Economic Future, nearly 80% confirmed that they are struggling to not only attract, but also retain employees.
Only 36.2% of people working in education who responded to our survey said they get paid appropriately for the work they do. That’s the lowest of all the industries we analyzed.
This op-ed originally appeared in the Crain's Cleveland Business Forum on Transportation on July 25, 2022. Click here to read the original and explore the forum, the first in a series focusing on public policy issues that matter to Cleveland Business, funded by the...
This post originally appeared on Forbes on June 30, 2022. Read the original post here. By Ethan Karp, President and CEO of MAGNET Manufacturers are not alone in wondering what has happened to the shrinking base of American workers over the last two years. Have they...