TITLE:
Where Are the Workers? 2.0
AUTHORS:
David White
KEYWORDS:
Workforce, Talent, Population Pyramids, Birth-Rate, Labor Market, Competitive Advantage for Talent
JOURNAL NAME:
Open Journal of Business and Management,
Vol.11 No.6,
November
30,
2023
ABSTRACT: The labor force landscape
has shifted significantly, and for the foreseeable future. Many businesses are
approaching the labor force shortage with short term solutions or placing blame
on the talent pool itself. However, data shows that the labor force shortage is
here to stay and businesses that acknowledge the shifting markets and develop
long-term, sustainable solutions will ultimately gain the competitive advantage
over firms that don’t. This paper discusses the data that quantifies the shift
in future labor market norms and what businesses can do to differentiate
themselves in a competitive labor landscape.