Are you Competitive Enough?

March 17th, 2021

Per a WSJ article which appeared on March 9, 2021, The Organization for Economic Cooperation and Development is now projecting America’s economy to expand by 6.5% in 2021, which is more than 2x higher than its initial predicted pace last November. By the middle of this year, the world economy expects to reach pre-pandemic output rates at 5.6%, which will occur about six months sooner than originally projected.

Due to economic growth far outweighing previous expectations from both a volume and time perspective the demand for employees is going to increase significantly, making the battle for talent more competitive than ever. Wages and benefits will play a huge factor when it comes to candidate employment decisions. Consequently, the most competitive companies will attract the most productive employees.

It is extremely likely you are going to grow in 2021. Make sure now that your wage and benefit package is at least as strong as your competitors!

WSJ Article: https://www.wsj.com/articles/u-s-growth-surge-could-unbalance-fragile-world-economy-11615284077?mod=searchresults_pos1&page=1