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Hiring & HR

Strategies to Deal with Labour Shortage in Small Business

Workers in a broad cross-section of industries are leaving their jobs in droves. Although some reasons are temporary, others have been on the horizon for a while—and how you manage your existing employees can affect whether they remain or choose to resign.

In the "Great Resignation," a record number of workers have left their jobs in recent months. Research from Elmo Software found 43 per cent of workers are planning to search for a new job in 2022, and a third are planning to quit their jobs as soon as they secure a new position. However, nearly a fifth of Australians are ready to quit without another job lined up.

For small businesses, a skilled labour shortage can have resounding effects. In order to successfully navigate the challenge, it helps to understand the root causes.