Small business leaders that rely on skilled labor are facing unprecedented challenges in today’s job market. With job growth for businesses with fewer than 50 employees steadily declining after 2022’s sustained highs, and concerns about supply chains, inflation, and shallow labor pools at top of mind, many business leaders are understandably uncertain about the steps they should take to weather the storm.
A recent Paychex survey found that 80% of skilled trades leaders are at least somewhat stressed at work, while over half report this stress affects their sleep (56%) and their ability to spend time with their families (53%). About one-third also noted decreased work/life balance (35%) and negative impacts on their mental health (31%).
