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Companies raise incentives to job seekers


 
College subsidies for children and spouses. Free rooms for summer hotel employees and a set of knives for aspiring culinary workers. And appetizers on the house for anyone willing to sit down for a restaurant job interview.
Determined to lure new employees and retain existing ones in a suddenly hot job market, employers are turning to new incentives that go beyond traditional monetary rewards. In some cases, the offerings include the potential to reshape career paths, like college scholarships and guaranteed admission to management training programs.
Despite an unemployment rate of 5.8% in May, the sudden reopening of vast swaths of the U.S. economy has left companies scrambling for workers as summer approaches, especially in the service sector. What’s more, in many cases the inducements are on top of increases in hourly pay. ....

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Waste Management offering no-cost education for employees' dependents to improve retention


First published on
Dive Brief:
Waste Management recently launched Your Tomorrow, an education and upskilling benefits program in partnership with Guild Education. The program offers Waste Management s nearly 36,000 full-time U.S. employees access to more than 170 fully-funded programs, including undergraduate and graduate degrees, short-term technology and business certificate programs and high school completion. 
On Jan. 1, 2022, the program will expand to include employees nearly 34,000 benefits-eligible dependents, including children and spouses. 
Waste Management says it is the first company to expand education benefits to employees dependents. After hearing from employees that college education for their children was chief among their financial burdens, I just had this idea, said Tamla Oates-Forney, chief people officer for Waste Management. It didn t take long for us as a company to realize that it would be a key differentiator for us. ....

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