Article Review 2 Spring 2018 Econ.pdf

What measures do firms take in order to attract new

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explain the shortage of workers in the hospitality industry? What measures do firms take in order to attract new workers? © 2006 MiamiHerald.com and wire service sources. All Rights Reserved.
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Hospitality industry faces worker shortage With local unemployment continuing at record lows, employers say lower-end hospitality jobs are becoming harder to fill BY NIALA BOODHOO [email protected] Finding qualified workers to staff the Wyndham Miami Beach Resort is becoming a problem these days, even though most of the employees are paid union rates. ''It doesn't have to do with pay,'' said Michael Spamer, the hotel's general manager. ``Unemployment is low, so it's hard to find employees.'' As South Florida and the state continue to experience historically low unemployment and record job growth, service industry employers, especially in leisure and hospitality, are having a difficult time finding workers. Some hotels, like the Wyndham, will use foreign hospitality students to fill positions on a short-term basis. Other companies are dangling benefit packages to lure workers. As jobs throughout the labor market become harder and harder to fill, employers inevitably have raised wages. That makes it even more of a crunch for work at the lower end of the pay scale -- where the bulk of the hospitality and service jobs are. PAYROLL LOGIC If you can take a higher paying job, there's no reason to stay in a job where you make less, Wachovia Corp. senior economist Mark Vitner pointed out. The problem is exacerbated by South Florida's high housing costs.
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