Small businesses already face a number of challenges trying to recover lost business in the months ahead, and many need more help to get things started. Companies of all sizes are struggling to fill positions, indicating both a surging demand for workers and a reluctant labor force. With PressRelease.com's simple and affordable press release distribution, companies can share wage announcements, benefits packages, and other perks that can help attract top talent to their organization.
"Economists are anticipating a huge comeback to the economy which is great, but for many small businesses to keep up, they need more help to pick up the slack," says Erik Rohrmann, COO at PressRelease.com. "This economic climate is the ideal environment to grow a business, but small businesses will have a difficult time without the personnel to help get it done."
In March of 2020, Bank of America raised its U.S. hourly minimum wage to $20. The company also said at the time that it would require all of its U.S.-based vendors to pay employees whose work is dedicated to Bank of America at least $15 an hour. In May of 2021, Bank of America took it another step further, announcing that it would raise the hourly minimum wage of its U.S. employees to $25 by 2025. The move by such a huge financial institution shows that more companies are open to the idea and are willing to invest in their employees at every level.
According to Bank of America CEO Brian Moynihan in a recent CNN interview, "Paying more also helps give employees a 'career mindset' and ultimately breeds loyalty. And that, in turn, is the way shareholders get paid back in this initiative."
PressRelease.com helps CEOs and business leaders improve their targeting and reach via simple and effective press release distribution services. To learn more about how to create newfound value through press release content, visit PressRelease.com.
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Original Source: Announcing Benefits and Flexible Employee Policies With PressRelease.com Can Help Companies Attract More Talent
