Utah s economy is comprised of 63,000 businesses, the vast majority of which are small. Small businesses in Utah face major staffing issues. Utah s small businesses are battling to attract new workers, while also fighting to keep valued employees. This is challenging in a labor market wherein larger companies can typically afford higher wages and more extensive benefits. An advantage of smaller employers is the greater chance for people to develop their skills in numerous areas.
Employees feel a greater sense of accomplishment.
Providing immediate feedback, giving unexpected rewards, and strengthening benefits programs can be powerful tools in retaining quality talent once on board. Tight labor availability will remain the primary challenge for employers. Construction activity will continue robust. The state should draw new investment in coming years, tied to positive Olympics press and a greater awareness of Utah s quality of life be it at work or play.