When it comes to challenges being faced by small and medium-sized businesses, the hiring and retention of great employees is one of the biggest. According to feedback from a business summit held in the U.S. in 2018, a staggering 70% of attendees reported having a hard time finding and keeping good employees. Sound familiar?
The inability to find and retain the right people can prevent a good business from competing and growing.
So, why is this happening?
The most commonly cited reasons include a severe shortage of skilled people, a shift from a Baby Boomer’s work approach to a Millennial’s mindset, and technology advancing so quickly that it is outstripping the reasonable capabilities of “run of the mill” employees. If this is all sounding familiar, you’re not alone.