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Vickie Price Discusses Current Workforce Challenges

The last year of layoffs, strikes, and economic uncertainty has caused tension for American workers. According to the newly released Career Optimism Index® study, more than half of Americans report feeling easily replaceable in their job position (53%). Meanwhile, 44% of employers say their top challenge to finding talent in the past year is a lack of well-qualified applicants.

In an interview with WTVR's "Virginia This Morning Show," Vickie Price shares her professional insights on how employers are struggling to find qualified candidates and how employees feel that their opportunities for advancement have stalled.

Today’s employees have fundamentally different expectations around the role that work should play in their lives. This, along with the highest inflation in decades, a stuttering economy, and an endless cascade of other crises, are pushing businesses to adapt like never before.

Vickie highlighted the following for employers:

Companies incur higher costs when hiring and training new employees compared to investing in the development of their existing talent. To optimize resources, companies should tap into their current talent pool and offer growth opportunities.

— Vickie Price, Senior HR Client Executive, OneDigital Mid-Atlantic

You can watch Vickie's full interview on WTVR's "Virginia This Morning" here.

OneDigital provides customizable and cost-effective HR solutions to help companies adapt to the evolving workforce dynamics, fostering an environment for employees to perform at their best, even in challenging economic times.

Ready to empower the potential of your people? Contact OneDigital HR Consulting to gain access to customized, expert professionals who can help transform your HR practices, enabling your organization to thrive and continue to drive your business forward.

In addition to not discriminating on the basis of race, color, national origin, sex, age, or disability, health plan sponsors are also required to ensure than their plans do not discriminate in favor of highly-compensated employees. For more information, check out our blog on Basic Nondiscrimination Rules for Health & Cafeteria Plan Benefits.