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In today’s economic climate, business leaders in Connecticut face an array of obstacles. According to a recent 2024 CBIA Survey, which gathered insights from over 2,700 executives, key issues in recruiting and retention are surfacing that require immediate action.
Rising Costs and Talent Shortages
A staggering 90% of firms report increasing operational expenses. This financial strain is compounded by 78% of businesses struggling to find and retain qualified workers, highlighting the need for effective recruitment strategies.
Furthermore, 33% of businesses cite a lack of skilled applicants as a primary barrier to growth. With 93,000 job openings currently available in the state—33% higher than pre-pandemic levels—the competition for talent is fierce. In today’s economic climate, business leaders in Connecticut face an array of obstacles. According to a recent 2024 CBIA Survey, which gathered insights from over 2,700 executives, key issues in recruiting and retention are surfacing that require immediate action.
Rising Costs and Talent Shortages
A staggering 90% of firms report increasing operational expenses. This financial strain is compounded by 78% of businesses struggling to find and retain qualified workers, highlighting the need for effective recruitment strategies.
Furthermore, 33% of businesses cite a lack of skilled applicants as a primary barrier to growth. With 93,000 job openings currently available in the state—33% higher than pre-pandemic levels—the competition for talent is fierce.
Investing in Talent: A Priority for Business Leaders
Given these statistics, it’s no surprise that 46% of business leaders are prioritizing investments in employee recruitment and retention. This shift towards enhancing workforce quality is essential not only for immediate needs but for long-term sustainability.
How Culpeo HR & J. Morrissey Can Help
We understand the unique challenges Connecticut businesses face. Our partnership designs tailored solutions to help you navigate the waters by:
Finding Top Talent: We specialize in sourcing and recruiting skilled professionals who fit your organizational culture and needs. Our comprehensive process ensures that you don’t just fill positions but find the right candidates to contribute to your business’s success.
Boosting Retention Rates: High turnover significantly affects your bottom line. Our retention strategies focus on creating an engaging work environment, career development, and fostering employee satisfaction which keeps them invested in your company.
Fostering a Healthy Workforce: Compliance with state regulations and creating a supportive work environment are crucial. We work alongside you to establish policies and practices that promote employee well-being and ensure your business operates smoothly and legally.
Conclusion
In a landscape marked by rising costs and talent shortages, investment in human capital is not just an option; it’s a necessity. By partnering with Culpeo HR & J. Morrissey, you can navigate the complexities of recruitment and retention while building a healthy and compliant workforce. Together, we can help your business thrive in Connecticut’s ever-evolving economic environment.
Contact us today to learn how our specialized services can help you secure your place in the competitive marketplace!
Investing in Talent: A Priority for Business Leaders
Given these statistics, it’s no surprise that 46% of business leaders are prioritizing investments in employee recruitment and retention. This shift towards enhancing workforce quality is essential not only for immediate needs but for long-term sustainability.
How Culpeo HR & J. Morrissey Can Help
We understand the unique challenges Connecticut businesses face. Our partnership designs tailored solutions to help you navigate the waters by:
Finding Top Talent: We specialize in sourcing and recruiting skilled professionals who fit your organizational culture and needs. Our comprehensive process ensures that you don’t just fill positions but find the right candidates to contribute to your business’s success.
Boosting Retention Rates: High turnover significantly affects your bottom line. Our retention strategies focus on creating an engaging work environment, career development, and fostering employee satisfaction which keeps them invested in your company.
Fostering a Healthy Workforce: Compliance with state regulations and creating a supportive work environment are crucial. We work alongside you to establish policies and practices that promote employee well-being and ensure your business operates smoothly and legally.
Conclusion
In a landscape marked by rising costs and talent shortages, investment in human capital is not just an option; it’s a necessity. By partnering with Culpeo HR & J. Morrissey, you can navigate the complexities of recruitment and retention while building a healthy and compliant workforce. Together, we can help your business thrive in Connecticut’s ever-evolving economic environment.
Contact us today to learn how our specialized services can help you secure your place in the competitive marketplace!
