As any business owner who is looking to hire more employees
knows, it’s a tough market now to attract qualified applicants. And it’s been
that way for nearly 2 years since New Hampshire’s unemployment rate has been at
3 percent or lower since November 2015. As an economist with the state Economic
and Labor Market Information Bureau said, “Normally, it’s a great thing to have
low unemployment, but you can argue it’s a problem not to attract enough labor.”
Many employers are having to get creative and boost their
benefits packages to attract and retain employees. Some of the perks include
more paid holidays and/or vacation days, 100 percent payment on health
insurance premiums, contributing to retirement plans, tuition reimbursement or
school scholarships, bonuses, flexible schedules and catered lunches.
This ‘economic heat wave’ has a ripple effect over many
industries and can be seen all over the state’s economy. Read the full article
from NH Business Review.
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