When employers can't pinpoint true turnover drivers, issues go unresolved, and financial band-aids get slapped on the problem.
It's a candidate's market right now. Businesses like Amazon and Walmart are boosting pay more than ever to compete – especially for frontline supply chain labor. Most recently, Target announced its $300 million dollar plan to raise hourly wages to $24.
But is this expensive solution really effective in hiring and retention? The answer is not so simple. Without understanding workers' pain points and priorities, slapping a higher price tag on a role isn't enough. Businesses must look beneath the surface to overcome the workforce challenge and thrive throughout the Year of the Employee.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
