“Labor Shortages in the U.S.: Impact of Pandemic and Solutions for a Resilient Workforce”

“Labor Shortages in the U.S.: Impact of Pandemic and Solutions for a Resilient Workforce”

According to the recent research the Labor Shortages in U.S. have reached to the highest level because of Inflation and Supply Chain Disruption and with other reasons. The Most Evaluated reason was the Pandemic Era where Labor lost their workings and even after that labor started looking opportunity with Safe Environment or higher pay. This pandemic Era made the people realize that life is too-short and they must enjoy every moment of their life and working, with this realization many people changed their path of life.   

As per the data we can notice the sudden fall in labor rate which is the aftermath of Pandemic situation but there is a sudden rise as well in labor rate in few months, even after that labor rate in the economy is going gradually up although it still not that as it was before but from the May-21 it is pacing up.    

The Major reasons that shows why there is sudden fall in labor rate during the Pandemic period:

Reasons for Labor Shortages

Higher investments in Savings

During the period of Early 2020 to Sep-2021, America has around 4 Trillion in their saving accounts which also includes government benefits given to the citizens in their bank accounts during the period of pandemic. Around 68% of population were getting more as unemployed as they are earning being employed.

Child Care

Even before Pandemic Quality of child care at good amount of price was an issue but after pandemic things changed rapidly which led to higher prices for quality childcare services.

During the period of pandemic childcare service provider closed down and even after months of pandemic childcare services found not suitable for the children by their parents.   

Startups

As the American economy is the strongest, but in early 2020 to 2021 end was the hard time for the workers and as well as startups. Startups rate went down from 10 million to 4 million in last two years that shows down side in job generation for the nation as well.

Industry Fall

Infrastructure, Production, Construction, Automobiles, Textile and many other industries which are highly effected by the pandemic and later on situations. Fall in these industry led workers to lose their jobs.

Solutions to Labor Shortages  

High Remunerations

Now-a-days only Remunerations to the workers are not enough, as the inflation is raising workers are looking for higher remuneration in terms of Wages and Other benefits.

This can be done by:

1. Reduction in overhead cost
2. Increase in price of outcomes
3. New Sources of enhancing the revenue
4. Reduction unwanted cost

Adaptable Hours

More Workers can be attracted by employers if:

1. There is work from home or hybrid workings
2. There are 4 days of working with increase in working hours of working days
3. There is an option to choose the shifts

Safe Environment in office

 In a Client dealing (Face to Face) Business, an employee must not be worried about meeting the strangers, this can be done by taking care of:

1. Social Distancing
2. Masks and other required protectors
3. Sanitization of everyone

Enhancement of Current Employees

Employees with amazing performances must be evolved through different sessions and trainings.

Conclusion

The Impact of Pandemic can be seen in every individual’s life so is with the work Culture of organizations. As the U.S. labor rate is growing gradually and soon it will catch the prior level of labor rate but work culture cannot be imagined without the new precautions and policies. 

Now better work cannot be expected from the workers without considering the health and life of the employees and keeping benefits in mind that will help them in getting their life back into track.

Author: Sachetanand