A labor shortage, where employers struggle to find qualified candidates, poses significant challenges, potentially leading to inflation, supply chain issues, and slower economic growth. Factors driving the shortage include high demand for flexibility, burnout, retirements, and reduced immigration. To address this, employers must focus on retaining talent. Strategies include offering greater workplace flexibility, better compensation packages, career growth opportunities, and competitive benefits. Additionally, fostering an intentional culture with transparency and mutual respect can enhance employee engagement, productivity, and long-term retention.

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