Fixing the Labor Supply Chain Crisis: Adopting New Strategies to Recruit & Develop the New Workforce
How do we fix the labor supply chain crisis within our own business? Most employers are struggling with high turnover and no available labor to replace employees while trying to increase production and expand services. It's not just the numbers - employers also find a critical shortage of qualified talent to meet their needs. The result? Labor Shortage (#s) x Talent Shortage (Competencies) = Labor Supply Capability Crisis While there are short-term steps you can take to mitigate the results, it will take a longer-term strategy to ensure the volume of talent you need to meet your demands. Your business continuity, economic growth, and overall operational stability depend on it. Join us as we identify 3 strategies to help you mitigate short-term labor challenges while addressing long-term labor supply chain needs to ensure the talent you need to ensure your business' success.
Learning Objectives:
- Understand the current labor supply chain crisis and the bases for concern related to recruitment, long-term talent availability, and business competitiveness.
- Create strategies to recruit talent using relationship management, branding, and cultural alignment to become an employer of choice.
- Learn how to build internal candidate tracks to train and develop current employees through in-house technical and professional programs.
- Identify opportunities to build relationships and programs with K12, colleges, apprenticeships, and nearby programs to grow future employee supply chains.
- Consider the application of digital transformation, AI, and integration of technology to compensate for fewer employees while still optimizing business performance.
Wade Larson
Dr. Wade Larson is a workforce consultant and human resources executive with 30-years of experience in strategy, leadership enablement, and talent management. His expertise in HR and leadership helps organizations improve structures, culture, management, and leadership to achieve their goals. As an international speaker, published author, and professor, he strives to help others achieve the best versions of themselves. Wade has worked with hundreds of organizations and thousands of leaders to shift mindsets, innovate programs, and lead change that helps them do more, achieve more, and live their best lives.