Many businesses across the state – and across the country – have had a hard time finding employees this year.
But the hiring difficulties can’t just be blamed on the pandemic. Demographic trends in process for decades are a key part of the challenge, especially in Greater Minnesota.
People dropping out of the labor force due to the pandemic is part of the problem right now, but the more systemic reasons for workforce shortages are years of economic growth, an aging workforce heading toward retirement, and fewer young people to replace them.
All these factors are putting significant pressure on Greater Minnesota’s employers, making hiring significantly more challenging. This is not a short-term problem, but rather a long-term problem that will need the employment of multiple strategies to address it. Find out about some strategies and tactics that Minnesota employers are using now to increase their applicant pool.
See the entire article Greater Workforce Shortages in Greater Minnesota by Kelly Asche and Cameron Macht in the September 2021 edition of Minnesota Economic Trends