Revolutionizing Recruitment: Voluntary Benefits and HR Software, Key to Tackling Labor Shortage and Boosting Employee Retention

According to the NFIB, 44% of business owners struggle with unfilled job openings, with labor quality and costs identified as key issues. With the labor force participation rate still below pre-COVID levels, businesses face a significant worker shortage. Despite efforts to create new jobs and raise compensation, businesses are plagued by a lack of suitable applicants.

Integrating voluntary benefits could be the answer. By offering an appealing benefits package, businesses can attract and retain quality employees. Furthermore, using HR software like GetHired could simplify recruitment, helping to fill vacancies with the right talent. With these strategies, businesses can tackle the labor shortage, improve workforce quality, and manage labor costs more effectively.