As we continue into 2019, we will see a growing industry-wide shift taking place in the talent market that is driving new business strategy. With an overall projection of 20.5 million jobs that will be created by 2020 and the labor force growth rate slated to decline this year (Jobs Outlook), employers are now even more challenged in competing to attract and retain top talent. This shift has pushed employers to rethink their talent strategies to pursue a forward-thinking approach that will enable them to stay ahead of their competitors.
To close out the month, PredictiveHR’s VP of Business Development, Scott Santoro, will speak at HRTech Tank, an event that brings together leaders in the Human Resource Management and Recruitment software space.
We tend to deal with Labor Shortages on a very tactical level. We look at weekly unemployment applications, monthly employment rates, current job opening and workers to fill them and so on. That view has bred a certain myopia to what will be a very long term business challenge that is only going to get more extreme and impactful.