09/25/2026
๐ฐ An open position costs more than the wage you're not paying.
https://na2.hubs.ly/H080MLm0
๐ญ Lost production.
โฑ๏ธ Overtime.
๐ฅ Increased pressure on existing employees.
๐ฏ Missed targets.
๐ And potentially more turnover.
That's why employers shouldn't evaluate hourly wages in isolation.
If increasing a starting wage by a few dollars helps attract and retain the workers you need, the higher wage may actually be the lower-cost decision.
Our latest article looks at the economics of an unfilled position, including:
๐ How to compare higher wages against the cost of vacancies
๐ต Resources for researching competitive local wages
๐ Factors beyond the market average that affect recruiting
๐ค What your staffing partner should be telling you about the labor market
Before asking, "Can we afford to pay more?" it may be worth asking:
๐ก "What is it costing us not to fill the position?"
๐ Read the article:
https://na2.hubs.ly/H080MLm0