A Rapid Pay USA Note: Following is an excellent article about employee recruitment and retention. One tactic we would like to add to this article is early wage access. Our innovative technology platform gives employees the ability to access their earned wages INSTANTLY! This increases worker morale and helps them manage their finances better. If you are in the recruiting process, we encourage you to call us at 800-627-4585 so you can add early wage access to your recruitment efforts.
Hampton Roads employers offering hiring incentives
By Tara Bozick, The Virginian-Pilot - 4/13/2021
It’s a good time to be looking for a job in Hampton Roads.
Depending on the field, hiring bonuses are reaching into the hundreds and thousands of dollars. Employers are increasing wages to compete for workers in high-demand positions. And as more people get vaccinated against COVID-19, they’ll want to venture out, increasing the workload at restaurants, hotels and other businesses.
“I think for the individual, it’s a promising time right now, especially if you have the skill sets that are in demand. You are going to be a hot commodity,” said Shawn Avery, president and CEO of the Hampton Roads Workforce Council.
Stimulus checks, while helping people through the coronavirus pandemic, may be keeping some people out of the workforce, Shawn Avery said. At the same time, employers are adjusting wages as Virginia’s minimum wage increases from $7.25 an hour to $9.50 an hour on May 1.
“We are seeing wages going up because there is a competition for talent,” he said.
Several regional employers say they’re having trouble attracting workers or getting them to show up, with some alluding to workers staying home and collecting jobless benefits instead. Avery said the Virginia Employment Commission reinstating the weekly job search requirement for those collecting unemployment benefits in the coming weeks may help. The requirement has been suspended during the pandemic.
The Virginia Workforce Connection is advertising 527,000 jobs across the state, including more than 8,000 in Hampton Roads, VEC spokesperson Joyce Fogg said.
If you are struggling to recruit employees, Rapid Pay USA suggests adding early wage access to your job perks. It is relatively new, it is a game changer, and Rapid Pay USA is transforming businesses with it in Virginia, Florida, Texas, Alabama, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee, and New York.
What parent would not want early wage access? This gives them a huge amount of financial freedom to take care of unexpected stuff life throws at them.
Early wage access means your employees do not have to take out payday loans with outrageous interest rates, incur late or overdraft penalties, or worry about waiting for payday for a bill.
If you’re ready to win the recruitment war, we encourage you to call us at 800-627-4585.
We serve clients throughout the U.S. including Virginia, Florida, Texas, Alabama, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee, and New York.