A Closer Look at the Labor Shortage

Employers have had to become more competitive with one another to attract qualified personnel. A candidate shortage across a variety of sectors has been making it a lot more challenging for many companies to get the workers that they need to support their basic operations.

Demand Is Increasing

Some sectors are struggling to muster an adequate number of applicants for positions because they suddenly have hundreds or thousands of job roles to fill. Changes in consumer trends has caused the demand for workers to meet increased demand for several key types of work. 

A spike in online shopping is one of the most notable examples. It has created a large number openings in transportation and logistics that greatly exceeds the current pool of qualified candidates.    

People Are Leaving Numerous Industries

There has been a mass exodus from several industries because workers are looking for better opportunities. A lot of sectors which have been underpaying their workforces for decades, and people are exploring ways to avoid working more than one of these underpaying jobs at a time to make ends meet. They are finding work as independent contractors, and more people are taking the leap to start their own business.

Ultimately, companies will need to find adaptive solutions to address labor shortages. They may need to reevaluate hiring criteria, compensation, and benefits.