Attracting and Retaining Workers in Today's Challenging Market

According to the U.S. Bureau of Labor Statistics, unemployment has fallen to pre-pandemic levels, but that doesn’t mean the workforce is simply returning to normal. In March of 2022, a record 4.5 million Americans quit their jobs, leaving 1.9 job openings for every unemployed worker. According to the Institute of Supply Management, filling positions in the manufacturing industry is particularly challenging. According to a recent survey by CNBC, fifty-two percent of all small business owners report trouble finding workers. It’s safe to say that for every employee who resigns, others are contemplating quitting. 

Taking Steps to Help Businesses Attract and Retain Workers
In today’s challenging market, economic development organizations must take urgent and aggressive steps to help businesses attract and retain workers. It’s not just the current openings that community leaders should be addressing. It’s the future talent pipeline as well.

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