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Employers can pull three levers to address their talent shortages, but in today's tight labour market, many are using the wrong one, a strategist says.

"There's the obvious one, which is really growing your workforce, and is the traditional lever that most businesses would look to when faced with increasing demand," says Nous Group principal Hamish Ride.

"The second one is around moderating demand. When you're in a really tight labour market, there's always the question of are there alternative ways to sourcing labour directly for your workforce.

"The final one is what we call skills mismatch. That's really about when the skills are out there but for some reason you as a business haven't been able to source your share of the skilled workers you need for your business..."