The growing popular trend of labor hoarding is an effort of businesses to pump up benefits to ease … [+] getty Small businesses are facing big challenges due to talks of a recession and layoffs across multiple industries. As a result, job insecurity is looming for both employers and employees as it becomes harder to fill positions. An Insight Global study reported that 77% of the American workforce planned to stay in their current jobs. And in a recent Skynova survey a whopping majority of 1,010 business owners (21% large, 22% medium and 57% small businesses) say they are labor hoarding . That means they are pumping up their investments in employees to keep the status quo and avoid a labor shortage. Labor hoarding usually occurs in a downturn or recession when businesses avoid layoffs at all costs and employees stay put due to job shortages. Sounds like a match made in heaven, according to Sara Jensen, senior vice president of growth and strategy at Innovative Employee Solutions . “This strategy can be a win-win for both companies and talent,” Jensen explained to me. “It is extremely beneficial for companies by offering a strategic way to continue to meet […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
