Since 2005, output in the U.S. nonfarm business sector due to the labor productivity slowdowns have cost $10.9 trillion -- which comes to about $95,000 in lost output per worker.
...and the pandemic didn’t help improve the trend.
So, what can you do as an employer to help reverse the trend in your workplace?
Identifying, attracting, and retaining talent remains difficult. Fortunately, options are available to help you strengthen your workforce, regardless of your recruiting strategy.
Before you make your hiring decision, you need to consider if a candidate can thrive within your business. Otherwise, you risk hiring a worker who may inadvertently do more harm than good.