For several decades, labor force participation has been shrinking. While one reason is that many Baby Boomers are retiring, reducing the number of participants, that isn’t the only factor in play. Instead, some surprising groups aren’t reaching participation rates that were once present in decades past. Additionally, alternatives to traditional employment paradigms are a factor. [...]
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Today’s employers are facing mounting challenges when it comes to cultivating a capable workforce. One key factor is the sansdemic, a situation where the labor force isn’t large enough to meet overall demand. While labor force fluctuations aren’t uncommon, the current state isn’t likely to improve. Instead, more Baby Boomer retirements, lower birth rates, and [...]
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April 28, 2023
