Employers are scrambling to answer the question, how do you find the right talent for the right job?

Leaders say a lack of workers is holding them back from building more and selling more. New job openings have jumped to a record high of 7.3 million, but the bad news is this is actually more jobs than there are people to fill them. Think about this all occurring at the same time:

• The lowest unemployment rate in 50 years
• The lowest birth rate in 30 years
• The lowest immigration level in 16 years
• Approximately 10,000 baby boomers retiring each day

It’s the right conditions for the worst labor crisis in 100 years. That has negative consequences for businesses and the economy. Some industries are already fraught with critical labor shortages, which cause wage inflation, reduced productivity, and even closings. For example, qualified candidates for cybersecurity are seven times more scarce than candidates for other roles. The healthcare and eldercare industry is struggling to fill jobs. The labor and skills gap is real and moreover, it is getting worse. There are lots of jobs, just not enough people with the corresponding skills. The number one top priority for CEOs is their ability to attract and retain qualified workers. Over 65% of CEOs believe the new grads entering the job market are unprepared and underqualified. Finding the right people with the right skills is a serious challenge. Even the best recruiters are stressed to fill jobs. This is only the tip of the iceberg; this crisis may well last for the next 25 years.

Is your organization prepared? DaMar Staffing can help.