2. Offering higher wages and better benefits
Paying above-average wages shows that you value your employees. Not only does it have a positive impact on your current employees’ job satisfaction, it can also help you attract more loyal, hard-working candidates.
Offering employees better perks, like extra paid time off, paid overtime, comprehensive health benefits and sick leave, or retirement savings plans can also minimize turnover and attract quality staff members.
A merchant cash advance can give you the working capital you need to implement these changes without impacting your cash flow.