10 Tips to Prepare Your Business for Significant Talent Shortages

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As more older workers retire, a tough labor market and a limited number of candidates means leaders will need to get creative to attract qualified candidates.

Talent shortages have become a major problem for companies of all sizes over the last couple of years. With baby boomers making up a significant portion of the entire workforce and many beginning to retire in large numbers, finding enough qualified candidates to replace these workers will continue to be an ongoing challenge for business leaders.

Focus on Training Younger GenerationsPart of the role of every senior manager and employee is to train the people who will succeed them. If the company can get some interns who might want to work for them, do so. Sometimes these fresh graduates learn the ropes and stick around, becoming the younger generation who inherits the company from you. - Zain Jaffer, Zain Ventures6.

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