In part one of this two-part episode on 2023 skilled trade trends, we talked about the Great Resignation, the evolving workforce, the recession, inflationary pressures, how that will impact your business, and things you need to be on the lookout for as you head into 2023.
Finding top talent in the trades is getting harder and harder as the skilled trades shortage continues. That said, employers must be intentional about employee retention to keep their best performers. In this blog, we answer several questions about the cost of replacing an employee:
One study found that attracting and retaining a quality workforce is a top focus for 83% of manufacturers today. But in this tight labor market, employers are focused on reducing turnover in manufacturing more than ever. If you want to know how to reduce turnover in manufacturing, take note of these eight key strategies:
With the shortage of skilled workers, employers in the trades are struggling to maintain production levels. But they’re not alone; employers across industries are experiencing a labor shortage. In this blog, we’ll discuss the following:
This podcast article is actually the second part of a two-part series that talks about strategies for dealing with change in the workforce, something we all have to deal with. The first article in this series encourages you to take a look at the factors driving change. We established in that episode that the pace of change is exponentially increasing; people are changing faster, and they're changing more often, which significantly affects your employees and workforce.
It’s not new news that the U.S. labor market is tight. The country needs more workers, but not just anyone - the highest demand remains for highly skilled tradesmen. Jobs that will always be needed are in the trades, but there are not enough qualified workers to meet that need.
Given the tight labor market, finding skilled trade workers is a challenge. Multiple factors have led to the shortage of skilled workers in many trade industries: