Retailers Are Betting On Wage Hikes, Perks To Woo Workers Ahead Of The Holidays. Will It Work?
Just like every year, an abundance of retail jobs will be open this holiday. But, this time around, there might not be enough workers rushing to fill them. With a competitive job market threatening to bleed through the hectic holiday shopping season, retailers are now taking extra measures to lure in potential candidates and keep their existing ones. Walgreens Boots Alliance and CVS plan to raise their minimum hourly wage to $15, and Costco raised pay to $16 earlier this year. Amazon is offering sign-on bonuses up to $3,000 and healthcare benefits to some candidates, while Kohl’s is giving associates a $100 to $400 bonus for working during the holiday season. Only a few years ago, some of these tactics might have been unheard of, but several factors remain that prevent these tactics from working, experts said. Read more at Retail Dive.
