A record 51% of business owners reported job openings they couldn’t fill last month, according to the latest report from the National Federation of Independent Business.
As Inc. details, the unemployment rate fell slightly in September, but not enough to cover the shortage of workers. More than 40% of small business owners report raising salaries—or planning to—as a way to recruit workers, but their main struggle is finding new employees with the right skill sets or training, according to the NFIB. A stunner: 92% of businesses trying to hire, per the report, found few or no qualified applicants.
Consequently, a shift is predicted in how businesses find and train employees, anticipating wider search nets and greater investments in on-the-job training. Read the full story from Inc.