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How DoorDash Attracts Workers

By Parkev Tatevosian, CFA – Oct 8, 2021 at 7:45AM

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Businesses are having a hard time filling jobs as economies reopen.

Labor shortages abound as economies reopen. Folks are hesitant to return to work as wages remain relatively stagnant, while on-the-job risks are higher during a pandemic. 

In this segment from "The Five," recorded on Sept. 9, contributor Parkev Tatevosian discusses why DoorDash (DASH -3.38%) is set to win as this battle for employees evolves. 

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Parkev Tatevosian: Sure. Yeah, and Jason, the competition for employees is real. I mean, it seems like every quarterly statement I read and every conference call I read, management is talking about the difficulty of attracting workers and how they're having to increase incentives to get them on board. So one of the companies, I think, is poised to win this battle is DoorDash. In fact, DoorDash said it attracted a record number of new Dashers in its most recent quarter. I mean, that's impressive considering the difficulty businesses are having in attracting workers right now.

So dashers are contractors, not employees, so they can work as much or as little as they want. I mean, if they're getting burned out by too much work, take a day off. No one's going to deny your request. They can also set their own schedule. If you can't get affordable child care before 4:00 PM, no problem. You never have to work before 4:00 PM. I mean, compare that to the scheduling, and the rigorous supervision, and productivity requirements of a company like Amazon (NASDAQ: AMZN), it's no surprise that the Amazons of the world are having to shell out additional incentives to get people on board.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Parkev Tatevosian owns shares of Amazon. The Motley Fool owns shares of and recommends Amazon. The Motley Fool recommends the following options: long January 2022 $1,920 calls on Amazon and short January 2022 $1,940 calls on Amazon. The Motley Fool has a disclosure policy.

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