The ongoing global labor shortage is hindering many companies’ ability to meet production demands, expand their business and implement emerging technologies.
Additionally, the inability to fill open roles is putting greater pressure on the current workforce, which can lead to employee burnout, higher labor costs and increased employee turnover.
If this sounds all too familiar, now is the time to take action. However, before you put a plan in place, it’s important to have a grasp of the causes behind today’s labor shortage. By understanding these factors, you can develop effective strategies to overcome the talent shortage in your organization.
To provide these insights, we compiled a list of 7 statistics that help explain the labor shortage. You’ll learn:
- the impact of today’s economic uncertainties
- the growing skills gaps
- the aging workforce
