![]() ![]() But the current talent market is fundamentally different from the one in 2019. The nature of lower-skilled work is not new. ![]() To put a finer point on it, they must physically show up and deal with inflexible hours, and their work is often highly repetitive. These essential workers are in fixed roles, and they are often on the lower end of the compensation spectrum. One of the most interesting trends of the last couple of years is the emergence of the “essential worker.” This is a person whom society relies upon to show up in a physical place to get something done, no matter what. Although it’s understandable that many people find changing jobs to be liberating during a period of limited freedom, the reduction in available talent is also driven by demographic and economic factors: This tightness in the labor market has been exacerbated by a vast array of complex issues that have accelerated in the past two and half years. 2 Across the world, workers are quitting in historical numbers, so much so, ‘The Great Resignation’ got its own Wiki entry on February 2022. In the same month, there were only 6.7 million hires, and resignations edged up to 4.5 million, and those numbers were in the U.S. ![]() 1 The gap translates into a lot of missing talent and lost economic activity. To put that number in perspective, Belgium – the 24th most wealthy country in the world by GDP – has a total population of about 11.5 million. Bureau of Labor Statistics, on the last business day of March 2022, the number of job openings in the country was 11.5 million. The gap - between having the talent to operate optimally and the actual talent available - is what employers are trying to breach.Īccording to the U.S. We’re currently experiencing a great talent gap. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |