The COVID-19 pandemic has sparked many unexpected changes in the economy and the way we live our lives. At the beginning of the pandemic, jobs were lost – in April 2020, as a result of the lockdown, the unemployment rate peaked at 14.8%. But now small businesses are facing a similar yet entirely different challenge: there are millions of job openings but a shortage of workers. Read on to learn more about the labor shortage and how the right technology can help businesses not just survive but thrive.
The Labor Shortage: Facts and Figures
The current labor shortage is a historic one. According to CNBC, as of August 2021 there were 4.3 million people leaving their jobs, the highest level on records dating back to 2000. Additionally, per the most recent U.S. Labor Department Job Openings and Labor Turnover Survey, there were 10.4 million job openings as of August 2021.
Service-heavy industries that traditionally required abundant manual labor, like accommodation and food services, are being majorly affected by the labor shortage. That puts you, a small business owner, under pressure to pivot your operations to keep up with consumers’ needs. Read on to explore how the right technology can help your business succeed during the labor shortage and beyond.
Labor Shortage Solutions
Self-Service Kiosks
Self-service kiosks can be extremely beneficial when your business is short-handed. A kiosk can enable your customers to take matters into their own hands (literally), avoiding potential long lines and bottlenecks.
Kiosks allow customers to order their own meal at a restaurant, check themselves in to an appointment, and check prices or pay for their own purchase at a retail shop. All the while, kiosks allow precious available staff to dedicate themselves to improving the customer experience in more worthwhile ways, like providing more personal customer service, restocking shelves, preparing online and curbside orders, and more.
Mobile Checkouts
In the retail and QSR space, long lines are a serious danger. According to a study conducted by payment platform Ayden, retailers lose a collective $37.7 billion in potential sales due to long checkout lines (and that figure is surely even higher now during the labor shortage).
The answer? Mobile checkouts. Instead of requiring customers to queue up at a traditional point of sale, mobile checkouts enable staff to process payments anywhere in the store or restaurant as long as they have a mobile point of sale device and a mobile receipt printer. Implementing mobile checkouts not only help your business with line-busting, but they offer a more convenient method of payment for your customers and allow staff to be out and about in the building completing other tasks while also being able to ring up sales along the way.
Star Micronics Product Catalog
Star provides various solutions across the technology spectrum, from native to cloud-based apps.
