The Q3 CNBC | Momentive survey finds that 32% of small business owners say they have raised wages in the past three months to attract workers, while 27% have offered more flexible hours, and 24% more on-the-job training. Fewer have offered additional benefits, including enhanced medical (8%), educational benefits (7%) and child-care or elder-care benefits (5%).
Ethel’s Baking Company has added long-term and short-term disability, dental and vision, and $2,000 in education, but it can’t afford to pay for the college education of workers like a
Target or Walmart recently announced they are doing. “We can’t offer a college education. Everything is going up for us across the board, our raw materials, our packaging, our casings, logistics, wages, benefits, all of that, and it hasn’t been the typical 1% to 2%, but 18%,” Bommarito said.