{"id":5087,"date":"2022-03-30T07:19:14","date_gmt":"2022-03-30T12:19:14","guid":{"rendered":"https:\/\/www.stratospherenetworks.com\/blog\/?p=5087"},"modified":"2022-03-29T16:59:24","modified_gmt":"2022-03-29T21:59:24","slug":"dealing-with-a-labor-shortage-heres-how-to-boost-productivity-without-hiring-more-staff","status":"publish","type":"post","link":"https:\/\/www.stratospherenetworks.com\/blog\/dealing-with-a-labor-shortage-heres-how-to-boost-productivity-without-hiring-more-staff\/","title":{"rendered":"Dealing with a labor shortage? Here\u2019s how to boost productivity without hiring more staff"},"content":{"rendered":"

\"AThe pandemic has inspired many people to rethink their lives, including their professional trajectories. During the fourth quarter of 2021, 44 percent of employees were either actively seeking new jobs or anticipated doing so during the first few months of 2022, according to a survey conducted by .<\/p>\n

These statistics illustrate what many are calling the Great Resignation or the Great Reshuffle, a shift that began in the U.S. approximately a year ago, according to CNBC<\/a>. With employees saying \u201cI quit\u201d en masse, among other trends shrinking the workforce, businesses across various industries now face labor shortages.<\/p>\n

Employers nationwide struggle to find talent<\/h2>\n

In a January 2022 article titled \u201cQuantifying the Nation\u2019s Workforce Crisis \u2013 State of American Business 2022 Update<\/a>,\u201d the U.S. Chamber of Commerce reported 0.76 available workers for every job opening, far below the historical average of 2.7. It\u2019s the lowest that ratio has ever been since data gathering began in 2000. Not surprisingly, 94 percent of state and local chambers of commerce surveyed in December 2021 said businesses in their region were having a hard time finding qualified employees.<\/p>\n

High resignation rates by people inspired to change jobs and join growing industries are likely one of the factors contributing to the labor crisis. Economists say that people concerned about their health and safety during the pandemic might have sought out jobs that they can perform remotely or that have more flexible hours, according to a January 2022 CNBC article<\/a>. That phenomenon has potentially left some industries \u2013 such as foodservice and retail \u2013 with a smaller pool of willing workers, while sectors like insurance and finance have added jobs.<\/p>\n

Other trends such as Baby Boomers retiring, declining millennial workforce participation, and lower immigration and birth rates could fuel a long-term talent shortage, Emsi Burning Glass senior economist Ron Hetrick told CNBC.<\/p>\n

However, all hope is not lost for companies struggling to fill job openings. If you\u2019re grappling with a scarcity of available talent, you don\u2019t necessarily need to hire more employees to get the work done and drive growth for your business.<\/p>\n

Closing gaps with the right business partners and solutions<\/h2>\n

If you\u2019re short-staffed and your wanted ads aren\u2019t bringing in qualified candidates, a technology advisory firm can assess your situation and find ways to boost your productivity without adding more staff members.<\/p>\n

Our trusted advisors<\/a> work with various suppliers whose solutions can address labor shortages and climbing costs. Here are just a couple to consider:<\/p>\n