Businesses have 3 options to tackle the labor shortage and they all have problems
in record droves — leaving behind vacancies as businesses struggle to staff up during reopening.
While there's no one exact reason that workers aren't flocking back, employers are still contending with crunches. In a note, Bank of America researchers Aditya Bhave and Ethan Harris break down three ways that employers are dealing with labor shortages — and why those approaches might be fueling a temporary boon in productivity.Some employers are throwing in the towel on hiring right now, which means they're just not satisfying all of their demand, BofA says.
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