• Events
  • Marketplace
  • Resources
  • Press Releases
  • Business Directory
  • Advertise
  • About Us
  • Contact
Sunday, August 14, 2022
Allwork.Space
The FUTURE OF WORK® since 2003
Find A Flexible Office Here
  • All Topics
    • Business
    • Biophilic Design
    • Career Growth
    • Coliving
    • Collaboration
    • Coworking
    • CRE
    • DE&I
    • Digital Nomads
    • Future of Work
    • Home Office
    • Human Resources (HR)
    • Hybrid Work
    • Investment
    • Leadership
    • Marketing
    • Mental Health
    • Mergers & Acquisitions
    • Office Furniture
    • Productivity
    • PropTech
    • Remote Work
    • Self-care
    • SMBs
    • Social Impact
    • Space-as-a-Service
    • Technology
    • Virtual Office
    • Work-life Balance
    • Workforce
    • Workplace Design
    • Workplace Wellness
  • Business
    How to Establish Your Remote Startup

    Here’s How to Establish Your Remote Startup

    How To Improve Your Workplace ESG Score

    How To Improve Your Workplace ESG Score

    MySpace Founder Shares His Insights On Social Media In The Future Of Work

    MySpace Founder Shares His Insights On Social Media In The Future Of Work, Plus Elon Musk’s Twitter Acquisition Debacle

    Young Entrepreneurship Is On The Rise

    Young Entrepreneurship Is On The Rise

    How Much Does Elon Musk’s Opinion On Remote Work Matter

    How Much Does Elon Musk’s Opinion On Remote Work Matter?

    The-History-of-Networking

    The Past, Present, and Hybrid Future of Networking

    Pandemic Resilience V. Future Resilience

    Is Your Company Pandemic-Resilient Or Future-Resilient?

    Change Or Control Here What Drives People To Become Entrepreneurs

    Change Or Control? Here’s What Drives People To Become Entrepreneurs

    The-Meeting-Room-Of-The-Future

    The Meeting Room Of The Future

  • Tech
    Lisa Gevelber Founder of Grow With Google1

    Degrees Don’t Equal Dollars: Google Exec Launched Career Certificate Program To Open In-demand, High-paying Career Fields To Everyone

    Lisa Gevelber Founder of Grow With Google1

    Lisa Gevelber Founder of Grow With Google | Transforming The Economy Through Education

    5 Emerging Technology Trends to Power Your Workplace

    5 Emerging Technology Trends to Power Your Workplace

    The Robots Are Coming, Eventually. Will Automation Displace Half The World’s Workforce?

    The Robots Are Coming, Eventually. Will Automation Displace Half The World’s Workforce?

    Is Technology Meeting The Needs Of Today Workers

    Is Technology Meeting The Needs Of Today’s Workers?

    Your Boss Is Watching You. Will Bossware Change How And Where You Work?

    Your Boss Is Watching You. Will Bossware Change How And Where You Work?

    How Chatbots Disrupt the Interview Process

    Here’s How Chatbots Disrupt the Interview Process

    Would You Give Your Staff the ‘Immersive Treatment’?

    Would You Give Your Staff the ‘Immersive Treatment’?

    Christoph Fleischmann Of Arthur | Bridging The Hybrid Work Divide With Mixed Reality

    Christoph Fleischmann Of Arthur | Bridging The Hybrid Work Divide With Mixed Reality

  • Marketing
    Want Your Coworking Newsletter to Actually Convert

    Want Your Coworking Newsletter to Actually Convert? Start by Keeping It Simple, Fun, and Consistent

    5 Pros Share How To Use Instagram To Grow Your Coworking Business

    5 Pros Share How To Use Instagram To Grow Your Coworking Business

    Want To Wow Coworking Members

    Want To “Wow” Coworking Members? It All Starts With (The Right) Insights

    High-Quality Photo Sites

    6 Free, High-Quality Photo Sites To Level Up Your Marketing

    The Creator Economy Is Dramatically Changing Marketing Practices, Here’s Why

    The Creator Economy Is Dramatically Changing Marketing Practices, Here’s Why

    Everything You Need To Know About Google My Business, And How To Ace It

    Everything You Need To Know About Google My Business, And How To Ace It

    Nothing Beats In-Person Communication, But These Online Tools Come Pretty Close

    Nothing Beats In-Person Communication, But These Online Tools Come Pretty Close

    6 Tips For Capturing More Website Leads

    6 Tips For Capturing More Website Leads

    “This Is Marketing” By Seth Godin Is A Celebration Of The Unchanging Truths About Marketing

    “This Is Marketing” By Seth Godin Is A Celebration Of The Unchanging Truths About Marketing

  • Design
    How Will We View Today’s Transformation Of The Workplace In Twenty Years?

    How Will We View Today’s Transformation Of The Workplace In Twenty Years?

    This Company Is Using YOLO Months To Support Hybrid Work

    The Room Where It Happens Matters: The Best Conference Room Designs To Help Your Hybrid Team Succeed

    An All-Encompassing View Of Workplace Health

    An All-Encompassing View Of Workplace Health

    Stylization The Overlooked Design Strategy That Complements Hybrid Work

    Stylization: The Overlooked Design Strategy That Complements Hybrid Work

    How Designers Can Set The Stage For A Flexible Future

    How Designers Can Set The Stage For A Flexible Future

    The Outdoor Office is Here to Stay How to Create the Perfect Outdoor Living (and Work) Room

    The Outdoor Office is Here to Stay: How to Create the Perfect Outdoor Living (and Work) Room

    Neocon 2022 Explored Biophilic Office Design

    Neocon 2022 Explored Biophilic Office Design, But What Is It?

    Multifamily Design Can Inform The New Office

    How Multifamily Design Can Inform The New Office

    Leveraging Design To Support Untethered Working And A Hybrid Future

    NeoCon 2022: Leveraging Design To Support ‘Untethered Working’ And A Hybrid Future

  • Work-life
    Learn How To Make Your Professional Work Support Your Personal Wellness

    Learn How To Make Your Professional Work Support Your Personal Wellness

    Boost Productivity With These Three Alternative Work Schedules

    Boost Productivity With These Three Alternative Work Schedules

    Charlotte-Lockhart-Thumbnail

    Are Four-day Work Weeks A Crazy Idea? This Nonprofit’s 20% Increase In Productivity is What’s Crazy.

    Powerful Benefits To Inspire You To Wake Up Early For Work

    Powerful Benefits To Inspire You To Wake Up Early For Work

    The Role Of Connectedness In The Future Of Work

    The Role Of Connectedness In The Future Of Work

    Maybe Youre The Problem How Better Leadership Can Lower Employee Stress Levels

    Maybe You’re The Problem: How Better Leadership Can Lower Employee Stress Levels

    Tim Leberecht Headshot

    Win The War For Talent With Beauty, Not Efficiency

    Remote Work Doesnt Always Mean You Can Work From Anywhere

    Remote Work Doesn’t Always Mean You Can Work From Anywhere

    Future of Work Podcast Charlotte Lockhart

    Charlotte Lockhart Of 4 Day Week Global | The Secret To Increasing Productivity By 20%

  • CRE
    What Is The Impact Of Hybrid Working On Space Optimization

    What Is The Impact Of Hybrid Working On Space Optimization?

    What Can We Expect For The Future Of Office Occupancy?

    What Can We Expect For The Future Of Office Occupancy?

    How Commercial Real Estate Can Master The Art Of Data

    How Commercial Real Estate Can Master The Art Of Data

    The New Real Estate Portfolio Of Hybrid Companies

    The New Real Estate Portfolio Of Hybrid Companies

    The Time Has Come For The Built Environment To Report Its Scope 3 Carbon Emissions

    The Time Has Come For The Built Environment To Report Its Scope 3 Carbon Emissions – Here’s How

    How Net Zero Targets Affect Your Office Buildings And The Future Of Work

    How Net Zero Targets Affect Your Office Buildings And The Future Of Work

    Is Adam Neumann Making The Pivot To Landlord

    Is Adam Neumann Making The Pivot To Landlord?

    5 Commercial Real Estate Predictions For 2022

    5 Commercial Real Estate Predictions For 2022

    Green Goes Mainstream

    Green Goes Mainstream (And It’s Totally Worth The Investment)

  • Coworking
    WeWork Stock Is Plummeting Despite Industry Growth

    WeWork’s Stock Is Plummeting Despite Flexible Workspace Industry Growth

    Its International Coworking Day 1

    It’s International Coworking Day — Learn About Its History, Plus Ways To Celebrate

    7 Fun Ways To Celebrate International Coworking Day

    7 Fun Ways To Celebrate International Coworking Day

    Should US Coworking Spaces Worry About Worker Migration

    Should U.S. Coworking Spaces Worry About Worker Migration?

    London’s Flexible Office Market Is Recovering Rubberdesk Report Reveals

    London’s Flexible Office Market Is Recovering, Rubberdesk Report Reveals

    Women Of Color-Focused Coworking Space Creates Vital Vibrant Community

    Women Of Color-Focused Coworking Space Creates Vital, Vibrant Community

    Discover The Hottest Markets For Hot Desking

    Discover The Hottest Markets For Hot Desking

    Opinion Piece - Brad K Hub Australia

    Opinion: Bursting The Hybrid Work Bubble

    How To Create A Sense Of Belonging In Your Coworking Space

    How To Create A Sense Of Belonging In Your Coworking Space

  • Workforce
    Surprise! Youngest Workers Need The Office More

    Surprise! Youngest Workers Need The Office More

    Start Sweating It The Future Of Work Will Be Too Hot For Some Business To Handle

    Start Sweating It: The Future Of Work Will Be Too Hot For Some Businesses To Handle

    Hostile Work Environments Are Pushing 52% Of Black Women Out Of The UK’s Workforce

    Hostile Work Environments Are Pushing 52% Of Black Women Out Of The UK’s Workforce

    You’re Not Alone: 54.7% Of U.S. Salaries Haven't Kept Up With Inflation

    You’re Not Alone: 54.7% Of U.S. Salaries Haven’t Kept Up With Inflation

    Could Updating Employee Benefits Slow The Great Resignation?

    Could Updating Employee Benefits Slow The Great Resignation?

    Young Men In The UK Are Being Failed By The System

    Young Men In The UK Are Being Failed By The System — What Needs To Happen To Reverse This Worrying Unemployment Trend?

    The Great Rebalance: Why Losing Female Employees Hurts Everyone

    The Great Rebalance: Why Losing Female Employees Hurts Everyone

    This Inexpensive Degree Could Kickstart A Lucrative Career

    This Inexpensive Degree Could Kickstart A Lucrative Career

    5 Emerging Technology Trends to Power Your Workplace

    How To Help The Environment And Your Career? Enter The Growing Green Economy

  • Daily Digest
  • Podcast
  • Subscribe
  • All Topics
    • Business
    • Biophilic Design
    • Career Growth
    • Coliving
    • Collaboration
    • Coworking
    • CRE
    • DE&I
    • Digital Nomads
    • Future of Work
    • Home Office
    • Human Resources (HR)
    • Hybrid Work
    • Investment
    • Leadership
    • Marketing
    • Mental Health
    • Mergers & Acquisitions
    • Office Furniture
    • Productivity
    • PropTech
    • Remote Work
    • Self-care
    • SMBs
    • Social Impact
    • Space-as-a-Service
    • Technology
    • Virtual Office
    • Work-life Balance
    • Workforce
    • Workplace Design
    • Workplace Wellness
  • Business
    How to Establish Your Remote Startup

    Here’s How to Establish Your Remote Startup

    How To Improve Your Workplace ESG Score

    How To Improve Your Workplace ESG Score

    MySpace Founder Shares His Insights On Social Media In The Future Of Work

    MySpace Founder Shares His Insights On Social Media In The Future Of Work, Plus Elon Musk’s Twitter Acquisition Debacle

    Young Entrepreneurship Is On The Rise

    Young Entrepreneurship Is On The Rise

    How Much Does Elon Musk’s Opinion On Remote Work Matter

    How Much Does Elon Musk’s Opinion On Remote Work Matter?

    The-History-of-Networking

    The Past, Present, and Hybrid Future of Networking

    Pandemic Resilience V. Future Resilience

    Is Your Company Pandemic-Resilient Or Future-Resilient?

    Change Or Control Here What Drives People To Become Entrepreneurs

    Change Or Control? Here’s What Drives People To Become Entrepreneurs

    The-Meeting-Room-Of-The-Future

    The Meeting Room Of The Future

  • Tech
    Lisa Gevelber Founder of Grow With Google1

    Degrees Don’t Equal Dollars: Google Exec Launched Career Certificate Program To Open In-demand, High-paying Career Fields To Everyone

    Lisa Gevelber Founder of Grow With Google1

    Lisa Gevelber Founder of Grow With Google | Transforming The Economy Through Education

    5 Emerging Technology Trends to Power Your Workplace

    5 Emerging Technology Trends to Power Your Workplace

    The Robots Are Coming, Eventually. Will Automation Displace Half The World’s Workforce?

    The Robots Are Coming, Eventually. Will Automation Displace Half The World’s Workforce?

    Is Technology Meeting The Needs Of Today Workers

    Is Technology Meeting The Needs Of Today’s Workers?

    Your Boss Is Watching You. Will Bossware Change How And Where You Work?

    Your Boss Is Watching You. Will Bossware Change How And Where You Work?

    How Chatbots Disrupt the Interview Process

    Here’s How Chatbots Disrupt the Interview Process

    Would You Give Your Staff the ‘Immersive Treatment’?

    Would You Give Your Staff the ‘Immersive Treatment’?

    Christoph Fleischmann Of Arthur | Bridging The Hybrid Work Divide With Mixed Reality

    Christoph Fleischmann Of Arthur | Bridging The Hybrid Work Divide With Mixed Reality

  • Marketing
    Want Your Coworking Newsletter to Actually Convert

    Want Your Coworking Newsletter to Actually Convert? Start by Keeping It Simple, Fun, and Consistent

    5 Pros Share How To Use Instagram To Grow Your Coworking Business

    5 Pros Share How To Use Instagram To Grow Your Coworking Business

    Want To Wow Coworking Members

    Want To “Wow” Coworking Members? It All Starts With (The Right) Insights

    High-Quality Photo Sites

    6 Free, High-Quality Photo Sites To Level Up Your Marketing

    The Creator Economy Is Dramatically Changing Marketing Practices, Here’s Why

    The Creator Economy Is Dramatically Changing Marketing Practices, Here’s Why

    Everything You Need To Know About Google My Business, And How To Ace It

    Everything You Need To Know About Google My Business, And How To Ace It

    Nothing Beats In-Person Communication, But These Online Tools Come Pretty Close

    Nothing Beats In-Person Communication, But These Online Tools Come Pretty Close

    6 Tips For Capturing More Website Leads

    6 Tips For Capturing More Website Leads

    “This Is Marketing” By Seth Godin Is A Celebration Of The Unchanging Truths About Marketing

    “This Is Marketing” By Seth Godin Is A Celebration Of The Unchanging Truths About Marketing

  • Design
    How Will We View Today’s Transformation Of The Workplace In Twenty Years?

    How Will We View Today’s Transformation Of The Workplace In Twenty Years?

    This Company Is Using YOLO Months To Support Hybrid Work

    The Room Where It Happens Matters: The Best Conference Room Designs To Help Your Hybrid Team Succeed

    An All-Encompassing View Of Workplace Health

    An All-Encompassing View Of Workplace Health

    Stylization The Overlooked Design Strategy That Complements Hybrid Work

    Stylization: The Overlooked Design Strategy That Complements Hybrid Work

    How Designers Can Set The Stage For A Flexible Future

    How Designers Can Set The Stage For A Flexible Future

    The Outdoor Office is Here to Stay How to Create the Perfect Outdoor Living (and Work) Room

    The Outdoor Office is Here to Stay: How to Create the Perfect Outdoor Living (and Work) Room

    Neocon 2022 Explored Biophilic Office Design

    Neocon 2022 Explored Biophilic Office Design, But What Is It?

    Multifamily Design Can Inform The New Office

    How Multifamily Design Can Inform The New Office

    Leveraging Design To Support Untethered Working And A Hybrid Future

    NeoCon 2022: Leveraging Design To Support ‘Untethered Working’ And A Hybrid Future

  • Work-life
    Learn How To Make Your Professional Work Support Your Personal Wellness

    Learn How To Make Your Professional Work Support Your Personal Wellness

    Boost Productivity With These Three Alternative Work Schedules

    Boost Productivity With These Three Alternative Work Schedules

    Charlotte-Lockhart-Thumbnail

    Are Four-day Work Weeks A Crazy Idea? This Nonprofit’s 20% Increase In Productivity is What’s Crazy.

    Powerful Benefits To Inspire You To Wake Up Early For Work

    Powerful Benefits To Inspire You To Wake Up Early For Work

    The Role Of Connectedness In The Future Of Work

    The Role Of Connectedness In The Future Of Work

    Maybe Youre The Problem How Better Leadership Can Lower Employee Stress Levels

    Maybe You’re The Problem: How Better Leadership Can Lower Employee Stress Levels

    Tim Leberecht Headshot

    Win The War For Talent With Beauty, Not Efficiency

    Remote Work Doesnt Always Mean You Can Work From Anywhere

    Remote Work Doesn’t Always Mean You Can Work From Anywhere

    Future of Work Podcast Charlotte Lockhart

    Charlotte Lockhart Of 4 Day Week Global | The Secret To Increasing Productivity By 20%

  • CRE
    What Is The Impact Of Hybrid Working On Space Optimization

    What Is The Impact Of Hybrid Working On Space Optimization?

    What Can We Expect For The Future Of Office Occupancy?

    What Can We Expect For The Future Of Office Occupancy?

    How Commercial Real Estate Can Master The Art Of Data

    How Commercial Real Estate Can Master The Art Of Data

    The New Real Estate Portfolio Of Hybrid Companies

    The New Real Estate Portfolio Of Hybrid Companies

    The Time Has Come For The Built Environment To Report Its Scope 3 Carbon Emissions

    The Time Has Come For The Built Environment To Report Its Scope 3 Carbon Emissions – Here’s How

    How Net Zero Targets Affect Your Office Buildings And The Future Of Work

    How Net Zero Targets Affect Your Office Buildings And The Future Of Work

    Is Adam Neumann Making The Pivot To Landlord

    Is Adam Neumann Making The Pivot To Landlord?

    5 Commercial Real Estate Predictions For 2022

    5 Commercial Real Estate Predictions For 2022

    Green Goes Mainstream

    Green Goes Mainstream (And It’s Totally Worth The Investment)

  • Coworking
    WeWork Stock Is Plummeting Despite Industry Growth

    WeWork’s Stock Is Plummeting Despite Flexible Workspace Industry Growth

    Its International Coworking Day 1

    It’s International Coworking Day — Learn About Its History, Plus Ways To Celebrate

    7 Fun Ways To Celebrate International Coworking Day

    7 Fun Ways To Celebrate International Coworking Day

    Should US Coworking Spaces Worry About Worker Migration

    Should U.S. Coworking Spaces Worry About Worker Migration?

    London’s Flexible Office Market Is Recovering Rubberdesk Report Reveals

    London’s Flexible Office Market Is Recovering, Rubberdesk Report Reveals

    Women Of Color-Focused Coworking Space Creates Vital Vibrant Community

    Women Of Color-Focused Coworking Space Creates Vital, Vibrant Community

    Discover The Hottest Markets For Hot Desking

    Discover The Hottest Markets For Hot Desking

    Opinion Piece - Brad K Hub Australia

    Opinion: Bursting The Hybrid Work Bubble

    How To Create A Sense Of Belonging In Your Coworking Space

    How To Create A Sense Of Belonging In Your Coworking Space

  • Workforce
    Surprise! Youngest Workers Need The Office More

    Surprise! Youngest Workers Need The Office More

    Start Sweating It The Future Of Work Will Be Too Hot For Some Business To Handle

    Start Sweating It: The Future Of Work Will Be Too Hot For Some Businesses To Handle

    Hostile Work Environments Are Pushing 52% Of Black Women Out Of The UK’s Workforce

    Hostile Work Environments Are Pushing 52% Of Black Women Out Of The UK’s Workforce

    You’re Not Alone: 54.7% Of U.S. Salaries Haven't Kept Up With Inflation

    You’re Not Alone: 54.7% Of U.S. Salaries Haven’t Kept Up With Inflation

    Could Updating Employee Benefits Slow The Great Resignation?

    Could Updating Employee Benefits Slow The Great Resignation?

    Young Men In The UK Are Being Failed By The System

    Young Men In The UK Are Being Failed By The System — What Needs To Happen To Reverse This Worrying Unemployment Trend?

    The Great Rebalance: Why Losing Female Employees Hurts Everyone

    The Great Rebalance: Why Losing Female Employees Hurts Everyone

    This Inexpensive Degree Could Kickstart A Lucrative Career

    This Inexpensive Degree Could Kickstart A Lucrative Career

    5 Emerging Technology Trends to Power Your Workplace

    How To Help The Environment And Your Career? Enter The Growing Green Economy

  • Daily Digest
  • Podcast
  • Subscribe
No Result
View All Result
Allwork.Space
No Result
View All Result
  • Business
  • Tech
  • Marketing
  • Design
  • Work-life
  • CRE
  • Coworking
  • Workforce
  • Daily Digest
  • Podcasts
  • Subscribe
Home Business

Put Away The Gift Baskets, This Is How To Attract Workers During the Holiday Season

For companies struggling to attract retail workers this holiday season, the answer is clear: pay up.

by Aayat Ali
November 18, 2021
in Business
Reading Time: 7 mins read
A A
How To Attract Workers During the Holiday Season
Share on FacebookShare on TwitterShare to Network
  • Many retail storefronts have had “Now Hiring” signs plastered on their entrances for months.
  • With the holiday season approaching, leaders are feeling the pressure to attract new workers.
  • While incentivizing employees with pay is undoubtedly one of the best methods of attracting and retaining workers during the ongoing labor shortage, in some cases, it might not be enough.

The ongoing labor shortage has made waves across the global workforce as employees take power into their own hands when it comes to their workplace preferences.

Now being referred to as the Great Resignation, workers are leaving their careers en masse as a result of existential realization brought on by the pandemic.

Workers no longer want to be an overlooked cog in the machine — they want to provide value to their work and be recognized for their contributions to the company. 

1password starter pack

And perhaps no other industry is feeling the impact of this movement as much as the retail industry.

Working in retail is notoriously difficult depending on the company. Oftentimes, these workers are underpaid, overworked, and face abusive behavior from both customers and managers.

So it’s unsurprising why so many retail storefronts have had “Now Hiring” signs plastered on their entrances for months.

With the holiday season approaching, leaders are feeling the pressure to attract new workers.

Since many regions across the world have dialed back on pandemic-related restrictions, retail companies are prepared for one of the busiest seasons in the past few years.

However, many workers are asking “Is it worth it?”

Employees that were laid off or furloughed have been profoundly impacted by the pandemic. 

For over a year, many were forced to stay home and contemplate what their next move would be once COVID policies were pulled back.

The conclusion many came to was that they were unfulfilled, unsatisfied, and tired of the retail world. 

And it’s no wonder why.

The average annual pay for a retail worker in 2018 was $34,500 in Washington state, which is just a few steps above poverty level.

More shocking is that figure is the highest average across the entire United States.

So for companies struggling to attract retail workers this holiday season, the answer is clear: pay up.

The Importance of Incentivizing

While paying more may seem too simple to be true, the reality is that many retail workers that have received unemployment benefits over the past two years were receiving more pay than their jobs ever offered.

This indicates a foundational problem.

Politicians and business leaders alike have blamed pandemic-era bonuses for unemployment benefits to be the sole reason for the labor shortage.

However, the issue lies far deeper than lack of pay.

Many of these companies have long stewed in a culture of high turnover rates and gotten away with it.

Did no one ever stop to ask why this has been normalized in the retail industry?

According to 2018 data from LinkedIn, the retail and consumer products industry ranked second among industries with the highest turnover rate.

However, it was a global health crisis that peeled back the layers of a truly unsupportive environment where many workers were either forced to give up their pay, or forced to deal with the toxicity. 

Due to money being a basic human need, many chose the latter.

Rather than blaming the employees for the slowed labor availability, companies should do a full review of their own policies and pay and identify where the problem truly lies.

Leaders who remain stagnant in updating their company’s policies and benefits will likely fall victim to the Great Resignation.

Plus, research supports that incentivizing employees with pay helps stave off turnover rates.

In fact, a joint study from Harvard Business School and Yale School of management showed that quarterly bonuses do in fact boost productivity.

Companies Are Taking Note

Companies are coming to terms that a 20% discount on products and a mug are not nearly enough to attract and retain workers.

For instance, American Airlines recently revealed that flight attendants working between November 23 and November 29, as well as December 22 through January 2, will receive 150% pay. 

The company, much like others in the airline industry, wants to incentivize employees to pick up shifts in preparation for what is expected to be one of the busiest travel seasons of the year.

Last year, in the midst of the pandemic, over 33% of companies said they would be offering employees a year-end bonus according to a survey by business and executive coaching firm Challenger, Gray & Christmas, Inc.

Even more, department store giant Macy’s is offering referral bonuses up to $500 for every friend or family member that employees recruit to join the company.

Walmart has also bumped their starting hourly pay to $17 per hour and is even offering to pay for some employees’ college tuition.

Amazon recently revealed that some warehouse jobs come with a signing bonus of up to $3,000.

While it’s clear that the pandemic warmed the hearts of normally stoic businesses, a global health crisis should not be the sole reason for employers to incentivize their workers with pay.

Not only does increased productivity have a direct correlation to incentivized plans, but this method also has been found to contribute to company-wide goals and team collaboration.

So for business leaders who are clambering for front line workers this holiday season, the answer may be far less complicated. 

Paying employees works for retention rates, while also assisting in improving a company’s reputation in the eyes of future prospects and customers.

Is Pay Enough?

While incentivizing employees with pay is undoubtedly one of the best methods of attracting and retaining workers during the ongoing labor shortage (and all year round), it is not always enough; American Airlines pilot union rejected the company’s holiday pay proposal. 

The good news is that there are other strategies businesses can implement to execute a desirable work culture.

A tight labor market reflects more than just a need for increased pay — it also indicates that companies are not doing enough to nurture a healthy experience for employees.

UPS may dominate the workforce in understanding the strain of a labor shortage, particularly during the holiday season. 

In order to attract new employees, UPS uses college tailgate parties to get the word out about job opportunities, while also partnering with local transit authorities to ensure employees can have access to discounted transportation so they can get to and from work.

However, one of the most unique approaches to this holiday season has come from retail giant Target. 

Instead of hiring a whole slew of new holiday workers, the company revealed it would cut back on new hires and give existing employees more hours.

Along with providing current employees more chances to pick up hours, Target recently launched an app that makes it simple for workers to pick up shifts, choose their preferred work times, or swap shifts in order to help them obtain a better work-life balance.

Target’s new strategy points to a recurring theme that has emerged from the pandemic — workers want flexibility.

By allowing employees to choose their schedules and adjust them to accommodate other responsibilities, the company is relaying the message of: “We trust you.”

A recent study of workers revealed that 74% of respondents said managers who instilled trust into their workers had a more positive work experience. That trust included receiving employee feedback and encouraging employees to share their insights about the best workplace practices.

Knowing this, it is clear that transparency, candidness, and trust from employers can make or break a company’s success rate.

Employee Experience and Retention Are Synonymous

The holiday season is hectic and laden with unfair treatment of workers.

As we enter an era that no longer ignores the injustices towards retail employees during this time, companies must strategize how to ensure they offer a place that people want to work.

At the core of this is employee experience.

If employees are satisfied and incentivized to do good work, the chances of them attracting new workers and staying on at their position are high.

However, these incentives need to expand beyond material possessions. In the post-pandemic era, workers want nothing more than a healthy work-life balance and financial security.

Therefore, business leaders need to shed the perception of what incentivizing means.

Paying workers fair wages, leading with trust and empathy, and allowing workers to have a voice cannot be beat when it comes to retaining and attracting workers.

Even beyond the holiday season, these strategies can aid companies combat the labor shortage in the future.

Tags: FUTURE OF WORK®Human Resources
ShareTweetShare
Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

Relevant and Recommended For You

How to Establish Your Remote Startup

Here’s How to Establish Your Remote Startup

3 weeks ago
How To Improve Your Workplace ESG Score

How To Improve Your Workplace ESG Score

1 month ago

MySpace Founder Shares His Insights On Social Media In The Future Of Work, Plus Elon Musk’s Twitter Acquisition Debacle

1 month ago

Young Entrepreneurship Is On The Rise

2 months ago
No Result
View All Result

Upcoming Events

Aug 29
Featured Featured August 29 - August 31

Allwork.Space’s Reader Survey Sweepstakes

Sep 20
Featured Featured 1:00 pm - 9:00 pm

FlexWorld 2022

Sep 22
Featured Featured All day

WORKTECH 2022 New York

View Calendar
Alliance Virtual Offices AD
Essensys June
Nexudus May
Grammarly Writing Support

Listen to the experts themselves

News and Features

Business

Tech

Marketing

Design

Work-life

CRE

Coworking

Workforce

Daily Digest

Podcast

Resources

Marketplace

Events

Press Releases

FlexSpace, Coworking
and Office Space

Los Angeles

New York

Chicago

Washington, D.C.

Houston

Dallas

Miami

San Francisco

Atlanta

Philadelphia

Seattle

Austin

Company

About Us

How to Write for Us

Our Editorial Process

Contact

Advertise

FlexSpace

Terms Of Use

FlexSpace FAQs

Privacy Policy

Connect with Allwork.Space

Twitter

Linkedin

Facebook

Instagram

YouTube

Apple Podcasts

Spotify

Google Podcasts

©2022 Allwork.Space  l  Exploring the FUTURE OF WORK® since 2003.

No Result
View All Result
  • Daily Digest
  • Podcasts
  • Events
  • Resources
  • Marketplace
  • Business Directory
  • Subscribe
  • Advertise
  • Find Space
  • About Us
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.