While there is much debate around the water cooler and elsewhere about the cause of the current employment gap, one thing is clear: Unprecedented labor shortages continue to weigh down the U.S. economy, resulting in higher prices, delayed deliveries, supply chain issues, and a struggle for businesses to meet demand.

According to the latest data from the U.S. Bureau of Labor Statistics, there were over 11.2 million job openings. In the manufacturing industry, there were an estimated 790,000 job openings, yet there were just 491,000 unemployed in that same industry. In retail trade, the gap is even wider - With 1.14 million job openings and 720,000 unemployed, there is a labor supply deficit of 420,000 people.

One way many businesses are addressing the labor shortage is a renewed push for increased efficiency and automation through technology.  Finding the right software platform to do more with your current workforce is more important than ever.

Are you ready to make the commitment but still trying to figure out how to navigate the plethora of business management software options? Check out this month’s article below for helpful tips, or contact us to learn more about how you can start optimizing your business and get back on a path of growth and success.

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Using Technology to Address the Labor Shortage

U.S. employment statistics hit a new milestone last year, though not a positive one. In August 2021, almost 4.3 million workers quit their jobs, according to the U.S. Department of Labor. As the current workforce continues to shift and re-evaluate their options, employers everywhere are having a tough time finding and holding on to qualified workers.

It's no surprise that business management solutions of all kinds are receiving a lot of attention. In this month's article, we take a closer look at a few areas where technology can help improve business efficiency with both the resources you already have, and the new workers you bring on board.