In this arena I feel many of our companies are stuck in a very traditional pay scenario. In my opinion, they have not transformed their job offerings into quality jobs that are able to support people in a decent lifestyle. Sales and front-line production seem to be the turnover hot points. This type of turnover puts horrific pressure on the management and leadership groups. Because of the economy, the growth companies have not analyzed the real cost associated with this level of turnover.
Many larger companies seem to be ahead of the smaller companies in offering better paying jobs.
They appear to be attracting the talent. This labor shortage will continue and get worse. As we outlined in our summer newsletter, our recommendation is to build a pro-active human resource capacity in the company. We predict that long term success will be based on how you deal with the people issue. To not deal with this issue head on, while wanting to grow, is to flirt with disaster.