Could you lose an employee over a $.25 Raise? Yes, according to Amazon.

As reported by the Wall Street Journal, Amazon has announced the increase of hourly pay for some of it’s workers.  What is in the fine print is that they have seemed to determine that the advertised hourly wage numbers are more important to lower paid workers than the other benefits that may accrue through traditional employee benefit plans such as health insurance, paid time off and total income due to more hours being worked.  We already have seen the adverse affect of the Affordable Care Act on the reduction in hiring of full time workers ( more retailers hire for under 30 hours a week to avoid mandatory health insurance coverage).  For the full article click here.  For the NBC article questioning the reduction in other compensation click here.

Also reported today is the increase of 230,000 jobs in the private sector, with small companies trailing the growth of medium and large businesses.  The cost of Healthcare for a family is now $20,000 a year.  This is limiting the ability of small employers to attract top talent, especially in accounting and finance.  For the WSJ article click here.

Torrey & Gray Recruiting and Staffing can help your organization find the best accounting and finance employees.  We place temporary and permanent professionals in a variety of industries including FinTech, Nonprofit, Manufacturing, Professional Services and Financial Services.