To recruit talent and have qualified employees in their ranks, companies are trying to rethink the ways in which they attract them. Some have found a technique that seems foolproof for the moment: payment in bitcoins (BTC) and in other cryptocurrencies.
Recruit using cryptocurrencies
Recruiting staff has never been so difficult for companies. In the past, workers rushed to the doors of companies to be recruited. But since the start of the pandemic, this is no longer necessarily the case. 11 million jobs are available worldwide, according to statistics. However, there are only a few people who are ready to occupy them.
If it has changed our lives, the health crisis has also changed (perhaps forever) the way businesses operate. Among them, some have decided to take matters into their own hands and rethink their strategies to attract people to the positions they fill. They first proposed higher wages, hiring bonuses, more flexible working methods, etc. However, even with such seemingly advantageous offers, the positions offered remain vacant.
Therefore, companies have decided to think about new measures. For example, they plan to offer workers the option of getting paid in cryptocurrency. Indeed, the number of new cryptocurrency projects as well as the rising value of several digital assets have not gone unnoticed in America and many other countries around the world.
Paying in cryptocurrency carries risks
On the workers’ side, the situation is not the most pleasant. Indeed, many people are burdened by heavy debts relating among other things to the costs of university studies. In addition, apartments and houses are becoming more and more expensive, including in cities on a human scale. Finally, the inflation rate continues to gallop towards levels never reached before.
In this murky context, it seems that cryptocurrencies are timely solutions. That said, if you’re okay with getting paid in digital assets, you need to make sure you understand how those products work. Very volatile, they can lose value overnight. As a result, your income could decrease.
For example, after peaking at $ 67,000, bitcoin (BTC) dipped above $ 30,000 in 2021. It then rebounded. Ether (ETH) did not do better. After hitting record highs of $ 4,000, it fell back to values between $ 3,600 and $ 3,900.
Payment in cryptocurrency is a solution that is of interest to many companies. While it seems beneficial at first glance, we must not forget that it involves risks due to the high volatility of digital assets. So, are you ready to get paid with electronic currencies?
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Luc Jose Adjinacou
Far from having dampened my enthusiasm, an unsuccessful investment in 2017 in some crypto only increased my enthusiasm. I therefore resolved to study and understand blockchain and its many uses and to relay information relating to this ecosystem with my pen.