We have a labor shortage! Yes, we know this is not new news, but we also have a skills shortage and skills mismatch. The question is, what are we going to do about it? How will the Staffing industry help our clients fill more open positions?
As of January 2024, there are 8.8 million open jobs in the US, and although this is down from 12 million open jobs in March of 2022, we are still faced with not enough people in the workforce to fill these positions.
According to the World Economic Forum, at least a billion people will need to be reskilled over the next decade to deal with technological transformation.
According to the US Chamber of Commerce, to fill open jobs needed today and in the years to come, employers must double down on reskilling and upskilling their current workforce. Read More.
68% of workers are willing to retrain in any situation, and 28% are willing to retrain if necessary, with 4% not willing to retrain. As employers and leaders in the staffing industry, we must develop these programs and solutions to support the workforce of the future.
In June of 2020, President Trump signed an executive order implementing merit-based reforms that will replace degree-based hiring with skill-based and competency-based hiring. This order was limited to the federal government’s hiring practices, but skills-based hiring practices must become mainstream if we are to solve our nation’s staffing shortage problems.
Scale Funding invites you to SAVE THE DATE for an upcoming webinar on this topic. Sheri Tischer will lead the discussion and has invited staffing industry experts Marnie Byford, COO of Supreme Staffing, and Maya Huber, PhD and Co-Founder of TaTiO, for an engaging panel discussion where you will walk away with immediate takeaways to fill more orders.
February 22, 2024, at 12:00 Noon Central time.
(Registration details to follow in our February newsletter as well as Social platforms such as LinkedIn)