Labor shortage data, leadership and ChatGPT

Thursday, April 6, 2023

Chamber Weekly Survey

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Understanding America's Labor Shortage

Courtesy of the U.S. Chamber of Commerce, published March 28, 2023

America is facing a worker shortage crisis: There are too many open jobs without people to fill them. The Chamber’s Worker Shortage Index ratio indicates the number of available workers for every job opening. States with a higher ratio have more workers available to fill open jobs. For example, a ratio of 0.39 means a state has just 39 workers for every 100 open jobs. A ratio above 1.0 would indicate a surplus of available workers compared to job openings.

Click here for an interactive map highlighting where workers are and for a detailed discussion from the U.S. Chamber of Commerce.

4 Habits of Leaders People Actually Want to Follow

Published on FastCompany.com, March 28, 2023

Photo: Peter Gargiulo/Unsplash

People often leave companies because of the failings of their bosses. As a result, many organizations are intentional about investing in leader development. That’s because more effective managers advance business results and can mitigate attrition of vital talent.

But retaining high-performing employees doesn’t happen simply because their bosses went to a few training programs. Something much more ingrained in the leader creates the bond that makes employees not only want to stay but also eager to contribute under the stewardship of their boss.

Read Nihar Chhaya's full article here.

How ChatGPT is Changing the Shopping Experience

Courtesy of the Washington Retail Association

The retail experience is constantly evolving, and one of the most exciting developments in recent years has been the rise of artificial intelligence (AI). ChatGPT has the potential to revolutionize the way we shop and interact with retailers.

One of the main benefits of ChatGPT is its ability to understand natural language. This means that it can interpret and respond to customer queries and requests in a way that feels human-like. By integrating ChatGPT into a retail environment, customers can communicate with the system in the same way they would with a human sales assistant, providing a more personalized and seamless experience.

ChatGPT can help retailers with:

Market Research
Marketing and Sales Support
Personalized Recommendations
Customer Service
Fraud Detection
Inventory Management
Returns and Exchanges

ChatGPT has the potential to transform the retail experience by providing a more personalized, efficient, and convenient shopping experience for customers. By leveraging the power of AI, retailers can improve their customer service, increase sales, and stay competitive in an ever-changing market.