Human Capital & Strategy-III

3 Innovations To Expand The Ever-Shrinking Labor Pool

Retirements, resignations, and staff shortages are plaguing businesses around the world. How are smart firms fighting back? ______By Joseph Warren

The phrase “Sorry, we’re a bit short-staffed right now” has become so commonplace it’s practically a punch line. Unfortunately, the bottom line impact of staffing shortages is no laughing matter. From mission critical vacancies in the back office to embarrassing gaps on the front lines, companies are scrambling to adapt to a “new normal” where there’s not enough staff to go around.

Some firms are adapting better than others. Here, three strategic innovations to address worsening labor s....