In today’s inflationary market, determining the right pay and benefits to offer self-storage facility staff can be tricky. Operators must now compete for workers with many other industries, and job candidates expect more than in the past. Let’s look at today’s compensation trends and how to assemble a package that attracts the right hires.
Unlike some industries, self-storage doesn’t have a uniform pay scale for property managers and other staff. Compensation can vary based on many factors including facility location and size, company policy, experience level, work benefits, and more. In addition, the industry is now competing with retailers, hotels, restaurants and other service-oriented businesses for quality employees, which may be impacting companies’ general philosophy on pay. Finally, steep increases in the cost of living are leading to stronger demands from job candidates.
With all of this going on behind the scenes, it can be extremely difficult for a self-storage owner or facility operator to know the right pay and benefits to offer new and existing team members. Let’s explore the latest trends in industry compensation and how to assemble a package that lures the right hires and encourages them to stick around.
There’s been a great shift in the way people perceive job opportunities. While there continues to be great
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