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America’s Demographic Drought and the War for Talent
America’s Demographic Drought and the War for Talent
The Great Resignation is only the beginning. American businesses must prepare for a future where labor shortages and heightened turnover is the new normal.
A slew of social, economic, and political trends is causing America’s national workforce to shrink. The roots of this demographic drought run deep, and many experts believe that companies will be operating in a scare labor market for decades to come.
Travis Dommert, SVP of Talent, and David Hughes, HR Practice Leader of Georgia, discuss ways that forward-thinking businesses can prepare for this reality and make themselves an employer of choice in an increasingly Darwinian retention environment.
For more information on the forces shaping America’s labor market, check out this blog: Why a Weak Economy Isn’t Stopping the Great Resignation.