In the face of record-high job openings, many middle market companies are investing in recruiting and retention efforts.
To compete in an exceedingly tight labor market, KeyBank’s recent Middle Market Sentiment Survey found business owners are looking toward offering potential candidates competitive wages (56 percent), flexible working hours, and health and wellness benefits (42 percent). Among companies that expect difficulties attracting talent, those who are planning to add employees are more likely to offer options to work remotely, increased paid time off, new-employee signing bonuses, and job training as ways to attract qualified talent.
As your company heads into 2022, you may be planning for expansion, contemplating M&A, considering the automation of payment processes, or putting in place a succession strategy. KeyBank middle market experts can provide customized insights, real-time counsel, and a broad range of relevant and tailored solutions to guide your decision-making. For more information on KeyBank’s middle market capabilities, contact a KeyBank relationship manager.
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