More than nine million jobs are open and waiting to be filled in the United States right now. Even more eye opening is that the number of job postings has skyrocketed over 40% since February, according to government statistics.
Why are companies finding it so challenging to fill roles with talented people?
Simply put, we are experiencing a skilled labour gap.
Who is leaving the labour force and why?
One of the primary factors contributing to the skilled labour shortage is an exodus of baby boomers. Data shows there are more than 30 million baby boomers currently retired in the U.S., with the numbers heading higher.
This shift – which changed a two-decade trend of older workers staying in their careers longer – was largely triggered by the pandemic.