When the unemployment rate was reported to have hit a new low-low of 3.8 percent for May, the usual expectation by some media folks is that employers will have a hard time finding employees to fill all those jobs that are being created. That’s true for some, but smart business people also start looking for productivity improvements in their operations.
Technology upgrades, organizational restructuring, realigning responsibilities, streamlining operations and alternative marketing tactics are just some of the ideas a CEO will focus on first, instead of whining about finding more employees. That’s not to say that hiring more people is not on the list of things to focus on, but it’s not usually their first priority.