Whether you’re starting a new company or looking to add new employees to your team, you need to know how much the hiring process will cost. There are many factors to consider, from the costs associated with marketing the position to onboarding and training.
The labor market tightness has been felt across the United States. But what does it mean when the labor market is “tight”? In this blog, we discuss the tight job market, factors that affect the job market, and how to find workers (and work) when the job market is tight.
Is there really a labor shortage in the trades? Yes, the USA labor shortage is not a myth but a painful reality for many employers. We’ve been discussing it at Skillwork frequently on our blog and podcast, The Skillwork Forum.
So, you need to hire a new employee, but you don’t have the internal resources to manage the recruitment process yourself. Or, maybe you’re a skilled worker on a short-term job that wrapped up, and now you’re looking for a new gig. In both circumstances, joining a recruitment agency is a great next step.
You’re likely searching Google for “tradesmen in my area” and “tradesman staffing,” but no one seems to have any answers. If you’re an employer in the trades, no one has to tell you there’s a skilled labor shortage. Driven by the mass exodus of baby boomers, the number of skilled trades jobs in the United States is far outpacing the number of younger, qualified tradespeople able to fill them.
According to the CDC, 1 in 5 construction workers is over 55 years old and ready to retire. But unfortunately, there aren’t enough skilled construction workers to replace them, leaving a deficit in the industry. Nearly every statistic about the construction labor force shows a significant shortage, sending employers searching for the best sites for finding construction workers.
Good recruitment strategies are crucial to your success as a business. Every company approaches recruitment differently, but all businesses have to recruit. Fluctuations in your staff will cause vacancies to appear inevitably, but your business can’t run without the right people in the right positions.
“Why is it so hard to find good employees?”
“The skilled labor shortage is one of the biggest challenges facing the U.S. economy, with 650,000 open jobs in the construction industry alone,” said Stanley Black & Decker CEO Jim Loree. “This problem existed long before the pandemic but has certainly been exacerbated by it.”