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How do you use a city's "good job" pay rate to recruit, engage and retain?

Tue, 11/03/2015 - 10:32
How do you use a city's "good job" pay rate to recruit, engage and retain? 
  

“All I am looking for is a good job."
"There are NO good jobs!!"
"I had a good job but lost it."

 

- Common refrains heard from job seekers everywhere
 

Tired of this??


People Profits Principle #86

A city's "good job" pay rate can be determined
and used to recruit, engage and retain


What is a city's "good job" pay rate?

  1. It is a job pay rate that motivates the person TO KEEP THE JOB
    1. This is the KEY!! 
  2. The rate will DIFFER BY POSITION and even by organization 
  3. The rate will DIFFER GEOGRAPHICALLY 
  4. The rate CAN BE IDENTIFIED and used to recruit, engage and retain

Higher pay rate + fewer but more productive people = PROFITS

Wouldn't you rather have this?
 

How can a "good job" pay rate be used for RECRUITING?

  1. The amount of the pay rate will DRAW IN applicants
  2. The applicants will be BETTER THEN AVERAGE due to the pay rate
    1. The level of PRODUCTIVITY WILL INCREASE
  3. Word of mouth WILL SPREAD due to the pay rate

How does a "good job" pay rate increase PRODUCTIVITY?

  1. The employee wants to KEEP THE JOB
  2. They will meet WHATEVER STANDARD is put before them
  3. You can SIGNIFICANTLY INCREASE the standard
  4. Many times you will have FEWER PEOPLE - making more money
  5. RETENTION INCREASES since they make more money then elsewhere
Click here for our FREE Employee Turnover Cost Calculator
Click here to read a related article
Click here to read more about People Profits Principle #86

People Profits case study: A manufacturing company increased their pay rate by $2.50 an hour for a particular position. At the same time, the standards required of the workers increased by the appropriate amount. The level of productivity rose significantly and much higher than the percent increase in the wage rate. We always had plenty of applications and turnover virtually stopped.  

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