03/30/18

Retailers Face a Staffing Pinch

Finding qualified workers emerges as the number one problem for small business owners – worse than even taxes and regulations, if you can believe it. Of the business owners surveyed, 54% report having few or no qualified applicants to fill open positions. This couldn’t come at a worse time for the retail industry, which is desperately struggling to differentiate itself from cheap e-commerce.

Despite growing labor force participation, the retail industry is still reporting shortages due to a number of factors:

Although things look bleak for the industry, retail can rise from despair if it finds the incentives to hire and retain an increasingly dynamic workforce. But if retailers fail to find a solution to filling empty seats, e-commerce may finally put an end to brick and mortar retail.

Get more small business tips from Lendio.

About the author

Jesse Sumrak
Jesse studied Public Relations at Brigham Young University before digging into a career in social media and freelance writing. As a talented social media manager and regular contributor to Lendio News, Jesse Sumrak is an expert in building loyal followings. When he's not dabbling in digital marketing, Jesse's preparing for the apocalypse with a blend of ultramarathon and weightlifting training, a passion he coaches over at Fallout Fitness. Jesse studied Public Relations at Brigham Young University.

Comments

More like this