Increasing wages won’t solve your supply chain nightmare, but its a start
Photo by Sharon McCutcheon on Unsplash
The largest facet of the larger supply chain problem is employee retention, says industry expert Dan Johnston, CEO of WorkStep.
The boom of both salary and hourly-wage increases for employees is cornering businesses into what he has called a “dangerous cycle” of upping pay to be a competitive employer. Supply chain companies, unfortunately, cannot currently afford to be strategizing increased compensation as a priority over honing in on their hiring strategies.