Beruflich Dokumente
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SCHOOL OF BUSINESS
ASSIGMENT:
One of the factors of production, it is the aggregate of all human physical and mental
effort used in creation of goods and services. The size of a nation's labor force is
determined by the size of its adult population, and the extent to which the adults are
either working or are prepared to offer their labor for wages. More recently, knowledge
(know how) has come to be regarded as distinct from labor.
LABOR SHORTAGE
In its narrowest definition, a labor shortage is an economic condition in which there are
insufficient qualified candidates (employees) to fill the market-place demands for
employment at any price. Such a condition is sometimes referred to by Economists as "an
insufficiency in the labor force."
According to Dennis Torbett, vice president for apprenticeship of the Home Builders
Institute, the work force development arm of NAHB, the labor shortage is at the top of
the list of business issues affecting members.
"For the past five years it's been a critical issue affecting our industry," he says.
THE SOLUTIONS
• Use overtime
• Recall recent retirees
• Use temporary agencies
• Employee leasing – (professional employer organizations)
• Outsourcing / subcontract work to other firms
• Automation / more robotics & technology
• Transfer workers in (temporary and/or permanently)
Recruit
Schools
Referrals
I will to suppliers and merchants for each job candidate they send him that stays on staff
for six months. So far, the few candidates he received have not stayed that long, but the
lumberyards and suppliers are still on the lookout.
Small businesses
Immigrant communities
Prequalification
Retain
Redefine of jobs