Good morning,
Employers are filling jobs at a slower rate than expected, data from the U.S. Bureau of Labor Statistics revealed in December. But that doesn't mean someone isn’t picking up the slack. In that same data set, the rise in the number of aggregate hours worked was equivalent to the economy adding more than 630,000 new jobs, explains economist Dean Baker in an analysis for the Center for Economic and Policy Research. So how exactly are businesses convincing workers to take on more hours--and can they do so ethically and fairly?
It all comes down to compensation. Fair monetary compensation is essential, of course. But there’s a second type of compensation equally as important and often undervalued: a sense of status and gratitude. Read on for how to ask employees to take on extra work and increase the productivity of your existing team, fairly. |
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