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As vaccination rates rise and the COVID pandemic begins to subside, companies looking to restaff are discovering hiring more of a challenge than they suspected. But rehiring former employees may prove to be an untapped resource.
Just this month, the CEO of restaurant franchiser FAT Brands described finding workers as a “total nightmare.” The National Federation of Independent Businesses said 42% of the small businesses it surveyed said they have jobs they can’t fill.
With 8 million fewer people in the workforce and an unemployment rate declining each month, employers are turning to a strategy many of the largest companies