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3 strategies companies struggling with labor shortage should adopt

Here are three strategies businesses should implement to meet their hiring goals and empower potential employees to get back into work.

By Sanjoe Jose | August 16, 2021 at 09:27 AM
One of the most critical aspects of a stand-out hiring process is transparent, consistent, and clear communication from the outset.

Bloomberg reported recently that the term “labor shortage” was Googled more times in May than in the entirety of the search engine’s history. This issue is dominating US headlines at the moment, and there is rightly a cause for concern.

The unemployment rate is still at a high rate of 5.8%, yet the Bureau of Labor Statistics’ most recent study revealed that there were 9.3 million job positions unfilled in May, revealing a troubling disconnect between job seekers and employers. This crisis is experienced across a diverse range of employers, from huge multinationals to small businesses, and from white-collar companies, such as banks, to blue-collar industries like manufacturing, hospitality, and retail.

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