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Strategies for managing staff and skills shortages Posted on August 12, 2022
Over 90% of businesses are experiencing workforce shortages, according to the 2022 Workforce Skills Survey, from the state’s peak business organisation, Business NSW. So how can business owners take control of something that feels very much out of control?
The annual survey of over 600 businesses across the State was conducted through the last week of May and first week of June and showed that almost every business in NSW has unfilled vacancies across entry-levels through to management.
With unemployment figures so low, and overseas talent still slow to trickle back after the COVID shut down, businesses have no choice but to invest in and diversify their in-house skill set. Offering training while on the job is an important strategy for self-sufficiency. It’s also a key attraction and retention strategy.
Business owners benefit from building a relationship with training institutes to offer early placements while they continue their study. For less skilled jobs, allowing your staff time and payment for training is an effective strategy.
If your staring down the barrel of a peak summer period and need to develop skills and strategies to keep your business thriving, book some time with our team now. You can’t afford to wait.