9 News: Employers get creative to attract workers

Published: 10:42 PM MDT June 11, 2021

Updated: 10:42 PM MDT June 11, 2021

“What we have done is we opened the floodgates of jobs,” said Kishore Kulkarni, Professor of Economics at MSU Denver. “This is unprecedented, this has never happened before. No time in history have economies shut so fast, and economies have opened so fast, too.”

While sign-on bonuses and one-time incentives are temporary, Kulkarni said other incentives businesses are offering right now will become more common.

“It’s very natural when you’re hiring, I’m hiring, everybody else is hiring – the wages have to go up,” he said. “Because we are going to pay a whole lot more to get the same person to work with us. And that’s what is happening.”