Currently, many companies are struggling to hire. In many industries, there simply aren’t enough candidates to go around, a situation that’s referred to as a sansdemic. While every sector is feeling the pain of the labor shortage, some are harder hit than others.
Here’s a look at the industries being hurt most by the sansdemic.
Manufacturing and Skilled Trades
Manufacturing and skilled trades have been significantly impacted by the sansdemic. There’s been an ongoing decline in interest in these sectors for many reasons.
First, the broader shift toward going to college and getting a job related to a degree pulled young people away from these industries, causing many to assume they aren’t viable careers.
Second, misconceptions about the environments and work itself makes these sectors less attractive. As a result, fewer people are acquiring skills that relate to these industries. Couple that with high retirement rates among those who’ve based careers on them, and finding candidates becomes increasingly difficult as time passes.
Engineering and Technology
Engineering and technology have long had skill gaps. While there is interest in these sectors, they typically require post-high school education, and there aren’t enough people earning degrees in these fields to meet the high demand for their skills. The unemployment rate among technologists is also far lower than the national average, sitting at just 2.2 percent (as of February 2023) compared to the 3.6 percent national average.
Finance and Banking
The finance and banking industries have had a tumultuous few years. Along with the pandemic, shifting interest rates are creating new challenges. However, they’re still impacted by the sansdemic due to a lack of qualified workers. Generally, that workforce is aging, particularly in categories like financial advisors. Essentially, there aren’t enough young adults in these sectors to offset the retirements, creating a deficit. Plus, many of the roles in these sectors are high-pressure and require long hours, something that younger professionals aren’t as open to as they were in decades past.
Healthcare and Social Services
The healthcare and social services industries are greatly impacted by the sansdemic for several reasons. These sectors typically require well-developed skillsets, often making college degrees a mandatory starting point. Plus, the rate of burnout in these industries during COVID-19 lowered overall interest and drove workers who were in these roles away from the industries.
Food Service, Retail Sales, and Hospitality
In most cases, labor shortages in the food service, retail sales, and hospitality industries aren’t skill issues, as many of the entry-level positions require little to no previous experience. Instead, the shortage is driven by declining interest in these industries and high quit rates. Classically, these positions come with lower wages but also have unique stresses. In-person attendance is often the only option, and there’s a high amount of engagement with the general public. At times, the jobs fall short of a new hire’s expectations, or the challenges that come with the role make pay rates feel insufficient, leading to high turnover.
Struggling to Find Workers During the Sansdemic? Contact PrideStaff Bend
While the industries above are experiencing the most challenges due to the sansdemic, hiring has become difficult in nearly every sector. By partnering with a staffing company, employers can find the candidates they need with greater ease, shortening time-to-hire while ensuring an exceptional fit.
If you need to find workers during the sansdemic, PrideStaff Bend wants to hear from you. Contact us to learn about our services and see how they can help your organization overcome hiring challenges today.
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