Free White Paper
"How to Thrive in a Growing Labor Shortage"

Every Employer’s Challenge:
Finding and Keeping the Right Employees

By David Sorin, J.D.

If you’re like most other employers in today’s every-tightening labor market, you’re probably wondering whether the following scenario is a dream or reality.

Picture yourself going in to your office, store, or factory one day and discovering that you have more business than you can handle. Through years of hard work you’ve been dreaming about being this busy one day, and now it is finally happening. You are excited about the prospect of growing your business, making more money, and having fun doing it.

You gather your employees and tell them “the good news.” But, all you get is blank faces looking back at you. Thinking that they are just processing the exciting information, you go to your office to put together a hiring plan.

After weeks of looking and not finding the employees you need, you go back to your team and tell them they’ll have to work “harder and smarter” for a while, and pitch in to handle a heavier work load. It’s the only way you can keep the orders flowing out the door. Again, you see blank faces looking back at you.

Within a few weeks, not only have your employees not worked harder, but many have slowed down, and some have actually quit. Now what?

If you don’t want to be in this situation, what can you do to avoid it?

Facing the New Workplace Reality

Yes, believe it or not, the baby boomers are reaching the end of their working years. The vanguard of that generation is now in its 60s. Over the next decade more than 70 million baby boomers will be leaving the workforce. Along with the few remnants of the World War II generation left who also retire, this will create a huge hole, not easily filled by the younger workers of today.

As matters stand right now, with a mediocre economy and a sinking US dollar, we are still as close to full employment as we have been in some time. Some might say this is a good sign, but more forward-looking experts see it as a sign of trouble ahead.

For them, the message is clear and unmistakable: We will not have enough workers competing for available jobs.

Already, the bargaining power is beginning to shift to the workers in a big way, merely based on the laws of supply and demand.

So, what does this mean to you?

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About the Author: David Sorin is an attorney, an author, an entrepreneur and a trusted advisor to many businesses and business leaders in the areas of leadership and organizational development, cultural change, innovation and business strategy. David is a well-known speaker, facilitator and mentor.