HOW TO HIRE FOR THE FUTURE
Entrepreneur US|September - October 2024
Small businesses are struggling to find quality labor. So flip the conversation: Show workers how your business will set them up for opportunity.
KRISTEN BAYRAKDARIAN
HOW TO HIRE FOR THE FUTURE

Small businesses have a hiring problem. According to the July monthly jobs report from the National Federation of Independent Business (NFIB), 19% of small businesses rank the inability to find quality labor as the single most important issue facing their company, while 38% reported job openings they could not fill. Overall, 49% reported few or no qualified applicants for the positions they were trying to fill.

"Most people who want a job have a job, so there are very few out there actively looking," says Holly Wade, NFIB's executive director of research. The U.S. unemployment rate has hovered around 4% in 2024-and although it's been slowly ticking upwards, the talent pool for small businesses remains tight. Moreover, worker demographics evolved during the pandemic years.

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