Magnet Employer

DEFINITION of 'Magnet Employer'

A popular business or businessperson to whom job candidates naturally gravitate. Magnet employers often have brand name recognition behind them, and they typically offer higher pay or better benefits than their competitors, thus making them a "magnet" for job seekers looking for superior compensation.

BREAKING DOWN 'Magnet Employer'

Unfortunately, magnet employers are not terribly common. Some companies offer lower pay and higher benefits, while others are more generous. But magnet employers often attract the best and brightest employees, which can make the company more profitable in the long run.

RELATED TERMS
  1. Magnetic Stripe Card

    Any type of card that contains data embedded in a strip composed ...
  2. Cloning

    The copying of stolen credit or debit card information to a new ...
  3. Magnetic Ink Character Recognition ...

    The information that appears at the bottom of a check that includes ...
  4. Chip-And-Signature Card

    A credit card that contains data embedded in a microchip and ...
  5. Chip-And-PIN Card

    A credit card that contains data embedded in a microchip and ...
  6. Terms Of Employment

    The conditions that an employer and employee agree upon for a ...
Related Articles
  1. Managing Wealth

    How to Write an Effective Job Description to Attract the Right People

    Learn tips and advice for employers on how to write a job posting and what to include in the posting to attract the best candidate for the job.
  2. Personal Finance

    What Is The New Credit Card Chip Good For?

    Under current U.S. credit card requirements, credit card issuers are required to issue chip cards as of October 1, 2015. Instead of swiping your card as you do now, you will slide the card into ...
  3. Professionals

    9 Different Ways To Find A New Job

    Make sure you're covering all your bases and you should have a new career in no time.
  4. Personal Finance

    The Complete Guide To Job Searching: The Search

    Matching your strengths and talents with the needs of an employer can take a significant amount of time and energy. As you scan multiple resources for the ideal job, it is important to focus ...
  5. Managing Wealth

    The Credit Card Chip: What Travelers Must Know

    Credit cards in the U.S are just getting ENV technology, which embeds a smart chip in your credit card. Here's how to avoid problems when traveling.
  6. Investing

    The Complete Guide To Job Searching: Introduction

    Searching for a job is a challenging task whether you are looking for your first job, switching careers or re-entering the job market. The employment outlook is dynamic, responding to current ...
  7. Investing

    The Complete Guide To Job Searching

    Here's everything you need to know about looking for a job.
  8. Managing Wealth

    10 Reasons It Is Time to Look for a New Job

    Learn 10 good reasons for switching jobs, such as major life changes, ethical concerns, job description creep and upwards mobility.
  9. Markets

    Employability, The Labor Force And The Economy

    Individuals do not have absolute control of their employability since employability is also affected by market and economic conditions.
  10. Professionals

    9 Different Ways To Find A New Job

    Today, finding employment takes strategies that the average job seeker didn’t need to consider a generation ago.
RELATED FAQS
  1. What incentives does an employer have in offering fringe benefits?

    Learn how offering fringe benefits is a powerful business tool for employers to attract and retain quality employees while ... Read Answer >>
  2. What are some examples of common fringe benefits?

    Learn how offering fringe benefits can be a strategic recruitment and retention tool for employers and drastically increase ... Read Answer >>
  3. What are some ways employers can reduce employee turn over?

    Learn a few strategies in hiring, compensation and management that employers can use for increasing employee retention and ... Read Answer >>
  4. What are some of the benefits of positive brand equity?

    Learn how having positive brand equity enables companies to make a higher margin on sales and spend less money on marketing ... Read Answer >>
  5. How do fringe benefits help increase employee retention?

    Offering fringe benefits can be a valuable retention tool for employers wanting to maintain a high-quality, highly productive ... Read Answer >>
  6. Why might two companies calculate capital employed differently?

    See why not every company defines and measures capital employed in the same manner, and which methods are most common in ... Read Answer >>
Hot Definitions
  1. Poison Pill

    A strategy used by corporations to discourage hostile takeovers. With a poison pill, the target company attempts to make ...
  2. Glass-Steagall Act

    An act the U.S. Congress passed in 1933 as the Banking Act, which prohibited commercial banks from participating in the investment ...
  3. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  4. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  5. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  6. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
Trading Center