Acme Global forecasts that it will have a labor shortage in 2 years.Given the new products the organization is developing,there will not be enough skilled workers available for Acme Global to hire,nor will its current employees have the necessary skills.Acme Global's best method for dealing with its labor shortage would be ______.

Question

Quizplus · Accepted Answer

Retraining is the best choice for Acme Global to deal with its labor shortage as it will allow them to develop their current employees' skills to match the requirements of the new products they are developing. Overtime and temporary/contract workers are short-term solutions that do not address the root cause of the labor shortage. Turnover reduction may help to retain the current employees with necessary skills, but it does not address the issue of the lack of skilled workers available for hire.

Acme Global Forecasts That It Will Have a Labor Shortage