How to incentivize hiring and retention as a small-business owner

Here's how Meghan Lee, Angela Lee, and McGrail suggest small-business owners innovate their policies to compete with big companies for talent.Angela Lee said that especially in an uncertain or nerve-wracking economy,"you should not decrease the quality of your hires." After all, she added,"culture is set at a company by the 10th employee."

Angela Lee said that while small-businesses owners can't always promise stability, they can promise to be transparent with employees about what they're working through and invite employees to be part of the decision-making., small-business owners can innovate on remote-work policies to compete with companies that may be requiring a return to the office.Angela Lee said entrepreneurs who understand the importance of flexibility can find creative ways to offer that to workers.

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