McDonald's, Uber, Lyft forced to get creative to lure workers amid the labor crunch
A white hot economy has created staffing shortages across an increasingly wide range of sectors— prompting some employers to dangle higher wages and creative bonuses to lure badly needed workers into the fold.
U.S. leisure and hospitality jobs, which sustained the brunt of COVID-19 related losses, have spiked in recent months. Those positions accounted for more than half of May’s employment gains, according to the Labor Department’s monthly report.
Still, with many employers struggling to fill open jobs, it’s unclear if those gains will be enough to close the employment gap, which is why big companies are trying to give employees more work incentives.
Among beleaguered restaurants, McDonald’s (MCD) recently became the latest to offer sweeteners to potential new hires. According to a report in the Wall Street Journal, the Golden Arches is proposing benefits like child care and tuition assistance, in addition to higher hourly wages.
https://finance.yahoo.com/news/how-the-labor-crunch-is-forcing-companies-like-mc-donalds-uber-lyft-to-get-creative-100040420.html
