How Companies Should Best Respond to the Worker Shortage

Hint: It’s a long-term problem that can’t be solved just by throwing money at the problem (i.e. hiking starting pay) — though that’s a start!

Photo by Tim Mossholder on Unsplash

You can’t miss the signs of today’s greatest challenge facing employers, both large and small alike. Literally, you can’t miss them, because as you drive past every chain fast food place, every local restaurant, every store, everywhere in your town, these businesses are not highlighting their daily specials or sales on their physical or digital signage. No, they are advertising — more like pleading — for new workers. They are offering higher than ever starting pay….

They are offering signing bonuses…