{"id":13644,"date":"2021-10-14T10:24:09","date_gmt":"2021-10-14T14:24:09","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=13644"},"modified":"2021-12-03T00:21:51","modified_gmt":"2021-12-03T05:21:51","slug":"execs-implementing-strategies-to-address-labor-shortage","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/execs-implementing-strategies-to-address-labor-shortage\/","title":{"rendered":"Execs Implementing Strategies To Address Labor Shortage"},"content":{"rendered":"\n<p>Executives are working on implementing new strategies to address the growing skill-shortage problem.<\/p>\n\n\n\n<p>According to a recent West Monroe report titled Quarterly Executive Poll for Q4, some of these strategies include deploying more automation technology (33%), raising wages\/salaries (68%), increasing flexibility where talent is permanently residing (57%), harnessing continental talent (51%), investing in retention (46%), and introducing higher signing bonuses (41%).<\/p>\n\n\n\n<p>The report also found that 18% of executives surveyed cited the Great Resignation as the largest impact on their business. 15% are concerned about the pandemic&#8217;s impact on their employees. <\/p>\n\n\n\n<p>Going forward, only 5% of respondents said they would be laid off in the current quarter, while 71% said they would hire more and 25% said there would be &#8220;no more changes from last quarter&#8221; when hiring was at its peak.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.techrepublic.com\/article\/as-the-great-resignation-accelerates-execs-scramble-to-address-the-labor-shortage\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> in TechRepublic.<\/p>","protected":false},"excerpt":{"rendered":"<p>Executives are making huge plans and working on implementing new strategies to address the growing problems of skill shortages.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-13644","post","type-post","status-publish","format-standard","hentry","category-leadership"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/13644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=13644"}],"version-history":[{"count":5,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/13644\/revisions"}],"predecessor-version":[{"id":13688,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/13644\/revisions\/13688"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=13644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=13644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=13644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}