Nearly 90% Of Small Businesses Are Labor Hoarding, New Study Finds


Nearly 90% Of Small Businesses Are Labor Hoarding, New Study Finds

Quick summary:

1. Labor hoarding usually occurs in a downturn or recession when businesses avoid layoffs at all costs and employees stay put due to job shortages.

2. The growing popular trend of labor hoarding is an effort of businesses to pump up benefits to ease ... [+] employee concerns of job insecurity and their own retention concerns of job shortages.

3. And in a recent Skynova survey a whopping majority of 1,010 business owners (21% large, 22% medium and 57% small businesses) say they are labor hoarding.

4. 40% of small business owners say they are labor hoarding to decrease their hiring and training costs

#biyro #family #innatgreatneck #tistheseason #holidays

More: https://biyro.com/blog/freelance/nearly-90-of-small-businesses-are-labor-hoarding-new-study-finds/

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