To cope with labor shortages, raise emotional compensation

The current labor shortage and employee retention struggles are concerning issues for organizations. Many leaders are scrambling to attract and retain the workers they need.

A combination of factors has resulted in an insufficient number of workers to meet available jobs: job quits hitting historic highs, declining immigration, and fewer individuals who are of working age (ages 16-64). This labor shortage started before the COVID-19 pandemic and is expected to persist for some time. READ MORE