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The holiday shopping season is around the corner, but this year companies aren’t worried about luring customers, but employees. I’m Brian Banmiller on Business.

Retailers such as Amazon, Walmart and Target are looking to find people to work for the next few months. Shipping companies such as FedEx and UPS need people to get packages delivered. And they’re all having trouble hiring. According to MSN money there are a few reasons making it harder for companies to bring in workers. First, turnover is extremely high. The pandemic fueled a surge in online shopping and warehouse workers faced the brunt of that. According to the New York Times Amazon is dealing with a worker turnover rate of about one 150% every year. Instead of focusing on hiring more people, companies should worry about keeping current employees engaged and happy. This will help keep people around longer. Another thing to be aware of, workers are after the sweetest deal. A signing bonus, money for school, and a great discount to make their time worth it. Unfortunately for smaller companies, that makes for some tough competition. Brian Banmiller, CBS News.

About Brian

CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.