The high cost of housing in the region has made it significantly harder for businesses to recruit and retain workers. Companies that have taken steps to assist employees in reducing their financial burdens, such as sweetening hiring packages or providing mortgage assistance, reported more success maintaining their workforce. Despite this, a majority of businesses have not pursued strategies to alleviate the financial pressure facing their employees. This report is a follow-up to the 2017 report issued by the Los Angeles Business Council Institute and Dr. Raphael Bostic, President and Chief Executive Officer of the Federal Reserve Bank of Atlanta, which explored how major employers were reacting to the high cost of living and housing in Los Angeles.
Document Download | Download |
Document Type | General |
Publish Date | 05/10/2018 |
Author | Gary Painter |
Published By | University of Southern California. |
Edited By | Suneela Farooqi |