Want to make an extra $100 every month, indefinitely, for doing nothing?
Well, almost nothing. You just have to find a plumber and refer him or her to Bonfe Plumbing, Heating & Air Service in St. Paul. If Bonfe hires your candidate, the company will pay you — you, random member of the public who doesn't even work for Bonfe — a cool Benjamin a month as long as that plumber stays with Bonfe.
Tempted to round up a bunch of plumbers and turn it into a nice little side business?
Good luck with that. The human resources professionals whose whole job is recruiting plumbers — or electricians, health-care providers, construction workers, financial specialists, truck drivers and many other workers in a wide variety of industries — are having a tough enough time of it themselves these days.
"We're always recruiting, always looking for people, always working through the process and interviewing," said Betsy Senarighi, Bonfe's human resources manager, who is also in the market for electricians, appliance technicians and HVAC installers. Bonfe's current limited-time deal applies only to plumbers, but the company frequently offers other recruiting specials. "It's pretty rare that our needs are full at any given time," she says.
Bonfe's program is more outside-the-box than most. But as Minnesota businesses — even companies that, like Bonfe, are on the Star Tribune's 2016 Top Workplaces list — face an ever-tightening labor market they've had to up their game for hiring and retaining qualified workers.
Companies are enticing employees with such incentives as signing bonuses, flexible schedules, opportunities to work remotely, and paid parental leave. Not to mention employee appreciation programs. Pizza parties. Casual Fridays — along with casual Mondays through Thursdays. Dog-friendly offices. Yoga classes. Donut Thursdays.
What about plain old money? Nationally, that hasn't been happening, at least not so far. According to the U.S. Bureau of Economic Analysis, employee compensation (including wages and benefits) as a percentage of gross domestic product peaked in 1970 and has been declining pretty steadily since then. It's currently near 60-year lows, barely budging since the latest recession. During that same period, corporate profits have zoomed to nearly 60-year highs.