Employers across various sectors are struggling to find qualified workers, a problem exacerbated by persistent labor market tightness and an aging workforce, necessitating proactive strategies in recruitment, training, and retention. Click here for article.
Persistent Labor Shortages: Despite increased wages and the end of COVID-era benefits, labor shortages remain, with 91% of small businesses reporting few or no qualified job applicants in April 2024.
Focus on Trainable Talent: Employers can address labor shortages by recruiting trainable candidates with basic skills and providing them with the necessary training, often through partnerships with local nonprofits and schools.
Build Relationships with Trade Schools: Developing long-term relationships with trade schools and community colleges through job shadowing, on-site training, and networking events can create a sustainable talent pipeline.
Teaching Culture and Retention: Establishing a teaching culture within organizations and offering incentives such as employee ownership, profit sharing, and flexible work arrangements can reduce turnover and foster long-term employee commitment.
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