If hiring has been a challenge because of inflation, the recent uptick in the GDP plus the announcement of big-company layoffs — contrary to unemployment numbers dipping or stabilizing in most states — could help the talent pool.

This is a good time to get the talent your business needs and suggests tips such as employee referrals and even considering recruiting from certain groups that could lead to potential tax credits. Listen to this week’s podcast.

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It is the right of any employee to ask for money to keep up with the cost of living. Of course, it does create a challenge for a business owner.

ADP recently published their national employment report. Their most recent report from December was reporting that the average employee at a company received a 7.3% salary increase over the past year. The average employee who switched jobs received approximately a 15% pay increase. Listen to this week’s episode to learn how to handle employee raises as a small business owner.

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Gene Marks

Columnist on smallbiz, economy, public policy, tech for The Guardian, The Hill, Philly Inquirer, Wash Times, Forbes, Entrepreneur. Small Business owner and CPA