Staffing Challenges and Incentives in Business

As the world reopens, businesses like Monarch Casino and Crested Butte face significant staffing challenges. They are offering incentives such as job fairs, cash bonuses, and even housing assistance to attract employees. Economists note that the rapid economic shutdown and reopening have led to unprecedented labor market conditions, with wages rising as businesses compete for workers. JBS has introduced free college tuition for employees and their dependents as an additional incentive. These staffing issues are widespread, affecting various sectors and locations.

What is the main challenge Monarch Casino Resort Spa is facing as it reopens?

• High operational costs

• Staffing shortages

• Lack of customers

• Insufficient restaurant space

Which of the following is NOT an incentive offered by Monarch Casino to attract staff?

• Bus subsidy

• Free accommodation

• Free meals on shift

• Cash bonuses

According to economist Kishore Kulkarni, what is a natural consequence when many businesses are hiring simultaneously?

• Stagnation of wages

• Reduction in job opportunities

• Increase in wages

• Decrease in wages

What unique method did Karen Hoskin use to recruit staff for her business?

• Offering higher salaries

• Providing free meals

• Helping find housing

• Offering flexible work hours

What is the alternative to closing down services, according to Karen Hoskin?

• Offering more incentives

• Expanding business hours

• Increasing prices

• Reducing staff

What incentive did JBS introduce for its employees and their dependents?

• Free transportation

• Free housing

• Free college tuition

• Free healthcare

How many students have enrolled in the JBS educational program so far?

• 100

• 132

• 150

• 200