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New sources of labor should be top of mind for CEOs as they contemplate protracted labor shortages. These shortages will hit most industries, pinching profits and prolonging the economic slowdown.

Does your C-suite have a strategy for protecting talent and profits during a prolonged labor shortage? It’s time to identify your areas of vulnerability and plan for hiring and retaining talent. An unprecedented confluence of trends—historically low productivity growth and massive baby boomer retirements—has set the stage for shortages that will hit across regions and industries. Our latest research identifies probable variations in the labor market within the United States and across the globe and from industry to industry. Leaders can prepare by identifying their risk and seeking out new sources of talent.

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Help Wanted: What Looming Labor Shortages Mean for Your Business: CEO Strategic Implications

Gad Levanon, Ph.D.
Gad Levanon, Ph.D.
Chief Economist, North America
The Conference Board

 Abdul Erumban
Abdul Erumban
Senior Economist
The Conference Board
Authors
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