My business runs 24/7. Most of my employees are working 60 hours a week. As you can guess the overtime is expensive. I am wondering if I could bump up their pay some and go to more of a 4/12 shift. I just have a feeling the younger employees just are not as motivated by money. But where the sweet spot pay wise is the magic question. They feel better, work less, and the business isn’t paying as much in overtime. Have any of you experimented with this with any success?
I would have to bump their pay. But they would probably have to take a 10 percent pay cut to make it viable. Due to competition and the economy, giving them raises and reducing hours is not viable. I already talked to a few workers who have families and they are interested it the fact they will work 11 less weeks a year