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Managing with a Shortage

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Managing With a Shortage Nowadays some jobs are not that desirable by people, but are critical to our continued survival and development not only as communities but also as a nation. Unfortunately, not enough workers are being attracted to these kinds of jobs. An upcoming challenge for managers is labor shortage. A worker shortage can occur, in part, because again an occupation isn’t viewed as attractive or because the costs of entering the occupation are too great. A scarcity of skilled workers will persist for the next future years, attributable to a decline in the birthrate and the number of “baby-boomers” due to retire. Despite the magnitude of immigrants coming to the country each year both legally and illegally, these numbers will not be sufficient to overcome the amount of personnel leaving the workforce between 2007 and 2010 according to recent studies. Managers will have to be creative in order to maintain retention and develop recruitment strategies. Strategies or steps that as a manager should be taken to increase the attractiveness of an occupation suffering a labor shortage include: recruiting new permanent employees, working current staff overtime, rehiring retirees part-time, attempts to reduce turnover, hiring temporary employees, and offering incentives to postpone retirement. The pro of recruiting new permanent employees strategy is the creativity and prior experience new employees bring along with them that if channeled properly can aid the business strategy. By working the current staff overtime there is the advantage of having immediately available workers to get any tasks complete. The additional benefit would be directed to the employees in the form of overtime pay. The positive aspect of rehiring retirees part-time is that this shortage management strategy enables you to keep around your talent and use it more efficiently to

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