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

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Small-business owners can innovate on flexibility and work policies to stand out from major companies competing for talent. In partnership with IndeedBusiness.

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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