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The United States is experiencing an unprecedented labor shortage across every sector, and credit unions are regrettably not immune to this unfortunate trend. With 11.4 million job openings in the U.S. and companies using recruitment strategies such as hiring bonuses and highly competitive pay rates, the labor challenges are not going away anytime soon. Furthermore, the population growth rate has been steadily declining for the past 30 years, leaving fewer employable people.
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