From the International Economic Development Council (IEDC):
In a tight labor market, employers are solving their workforce shortage problems by making jobs more attainable, retainable, and better-paying for workers. These business-led strategies to increase productivity and reduce turnover are a win-win for both firms and for low-and middle-skill workers.
This paper groups strategies that employers are using, individually or in partnership, into three categories: Education, training and skill development; addressing practical barriers to job attainment and retention; and alternative business models. The goal of this publication is to provide economic developers with examples of business strategies that are in widespread use now, in order to share information and ideas with employers who face similar challenges.
Click here for an executive summary and a link to access the full report.