Survey: Employers Trying Multiple Strategies to Address Labor Crunch

A new study by PricewaterhouseCoopers shows most U.S. businesses have changed or are planning to change processes to address current labor shortages. The survey of 722 executives found the following:

• 49% of respondents said they are looking to rehire boomerang employees, while 52% are considering business acquisitions to gain access to needed talent.
• 56% are dropping COVID-19 vaccination mandates.
• 64% are increasing compensation and 70% are offering more remote-work opportunities.

But after a frenzy of hiring over the past few years, not every business is in search of new talent. Half of respondents said they are planning to reduce their overall headcount, while 52% are implementing hiring freezes. 9/28/2022