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Don’t Forget! You Saw it in the
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November 2021 #13268 Page #92
Labor Supply Chain Inflation Craig Webb President, Webb Analytics
Long-Term Trends
15 Things to Do (and Prepare for) in Coming Weeks to Finish 2021 Strong t least two months of hard work remain before you can finally ease up and enjoy the Holiday season. Between now and then lie numerous tasks, some ordinary (next year’s budget) and some unusual (COVID vaccination rules). Here are four vital challenges you’ll confront in coming weeks, and my ideas for how to face them.
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Labor Increasing evidence suggests the nation’s labor shortage stems in part from the fact that people are getting increasingly picky about where they want to work. Traditionally low-paying jobs like serving food and cleaning hotel rooms are hurting the most, but jobs more akin to construction supply, such as warehouse work, also are going wanting. This is despite big jumps in pay and benefits; Amazon is advertising jobs in the U.S. with starting pay of $18 to $21 per hour and signon bonuses of up to $3,000. What to do? • Examine Which of Your Jobs can be Done Remotely or Outsourced. Backoffice tasks got that name because they typically didn’t involve face-to-face, in-store communications. If people want to work from home and you think it’s possible they can do so, why say no? Likewise, consider how many of these potential work-from-home tasks are integral to your operations. Payroll, collections, take-offs, and credit all are candidates for outsourcing. • Rewrite Your Online Want-ads. The Wall Street Journal reported recently that employers who use online job boards like Indeed unwittingly hurt themselves by writing job descriptions that demand more than what’s needed. For instance, a hospital might
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