I recently saw an interview with the current SBA Administrator Maria Contreras Sweet. She was discussing how the current national unemployment rate is impacting small businesses. Ms. Sweet’s position is that two out of every three new jobs are created by small business, so the need to find talent is critical not only to the success of the small business community, but also to our national economy.
Here are some articles that look at this issue. They all bring different ideas on how to attract, hire and retain talent in these challenging times.
How to Hire When Unemployment Is at a Two-Decade Low
Last year, when Taiwanese electronics behemoth Foxconn announced plans to build a plant in Wisconsin and employ 13,000 people, Erik Anderson laughed. “I don’t know where they expect to find those 13,000 people,” he says. “They’re not here.”
Anderson is CEO of Jefferson, Wisconsin-based Basin Precision Machining, a supplier of parts for customers like Harley-Davidson. Recruitment “has always been a challenge, but it is beyond the pale at this point,” Anderson adds. Wisconsin’s 2.9 percent unemployment rate “sounds impossible, but if you’re looking to fill positions, it feels pretty real.”