Small and medium-sized enterprises play a decisive role in promoting economic and social development and have become a major trend in economic development. But in recent years the new generation of migrant workers' “labor shortage” phenomenon has taken place,which restricts the development of small and medium-sized enterprises.This paper reviews the domestic and foreign study about the new generation of migrant workers' “labor shortage”, illustrates the new generation of migrant workers' “labor shortage” in Hebei Province, and discusses the effects of the new generation of migrant workers' “labor shortage” of small and medium enterprises in Hebei Province. An empirical study of the employment policy for small and medium enterprises in Hebei province has been conducted, and this paper puts forward the path choice and employment strategy of small and medium-sized enterprises in Hebei province under the background of new generation of migrant workers' “labor shortage”.