There is no way to sugarcoat the impact of the Great Resignation, which saw 38 million U.S. employees quit their jobs last year, and there are no signs of relief in 2022. With more than 11 million job openings currently unfilled, a recent Labor Department report tabulated a robust 678,000 new jobs added in February and the unemployment rate dipping to 3.8 percent. The biggest challenge small and midsize businesses (SMBs) currently face is filling jobs in the midst of a severe talent shortage, says Mary Kay Engelhardt, vice president, recruiting and selection, at Insperity aptly puts it. With millions of employees having left the workforce and millions more hesitant to change jobs due to a continued atmosphere of uncertainty, including the lingering pandemic, high inflation, and the war in Ukraine, talent is scarce, and many jobs remain unfilled, she says.
That's the bad news. The good news is that this upheaval in the workforce is creating opportunities for forward-thinking SMB leaders to boost their future prospects by attracting and retaining the most talented employees with a variety of tools and strategies. These include: Compensation packages, professional development, enhanced recruitment, remote work arrangements, and company culture. In addition, strategic use of technology, contract professionals, and recruiting firms can help make SMBs more attractive to prospective employees.
COMPETITION HEATS UP
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A Bankable Pet Project - How Moonshots Capital helped eTailPet scale up and attract a buyer in just three years.
Berenice Giannini's startup, eTailPet, wasn't a natural fit for Moonshots Capital. The Austin-based venture firm, launched in 2014 by Kelly Perdew and Craig Cummings, both of whom had previously served in the U.S. Army, frequently backs companies founded by military veterans.
Backers Should Have Your Back - The best capital provider for your business will offer a helping hand, not just deep pockets.
Three years ago, U.S. entrepreneurs were enjoying one of the best funding environments in decades. Venture capital and private equity hit all-time highs as banks loaned at historically low interest rates. All you needed to get a term sheet, it seemed, was a smile and a pitch deck.
Lift Off - Would you pay $50,000 to touch the edge of space?
Would you pay $50,000 to touch the edge of space? Meet the entrepreneurs providing a rarified clientele with a luxurious, once-in-a-lifetime journey.So you want to go to space. To take in the expansive curvature of the Earth glowing miles above the atmosphere, surrounded by pure darkness. To experience the mind-altering overview effect described by astronauts as a transcendent state of awe, staring back at the planet on which you've inhaled your every living breath.
There Will Always be Those Who Doubt You and Your Vision. Here's How to Tune Them Out. - Recently, I invited an experienced luxury hotelier to visit the new campus we were building near Santa Fe for Modern Elder Academy,
Recently, I invited an experienced luxury hotelier to visit the new campus we were building near Santa Fe for Modern Elder Academy, the midlife wisdom school I co-founded in 2018.
A Scientific Discovery that Unlocks Your Body's Healing Power
The founder of Stemregen, a company that creates powerful supplements that stimulate the body's natural repair system, explains how a \"fringe idea\" opened up a new world of stem cell therapy.
Transformative Growth: Agency Masters the Art of Evolution
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For the Love of the Restaurant Experience
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Custom PEO Solutions for Blue-Collar Industries
COMPEO is an HR management solutions provider with a jaw-dropping five-figure growth rate.
Homebuying Was BrokenMeet the Founders Here to Fix It
Cecilian Partners is a fast-growing technology firm providing end-to-end solutions for production homebuilders and land developers.
A Focus on Complete Solutions for Regulatory Environments
The Northcross Group develops sustainable processes for clients with compliance needs.
