For many of us, it probably feels like we’ve been in a staffing crisis for half a decade. Before the pandemic, it was very hard to hire and then the pandemic, in many ways, made it even more difficult. The reality, though, is the current US staffing crisis is hitting employers unevenly.
Prior to 2019-2020, the staffing crisis was thought to be in the technology space, primarily. But if you are in healthcare, trucking, or skilled trades hiring you also felt that crisis in a big way. Today, technology doesn’t seem like it’s in a crisis, but it’s still hard to hire great tech talent. Healthcare is still hurting, no one can find teachers, local, state, and federal government can’t hire, the military is having massive trouble hiring civilians, and hospitality and dining are getting killed.
It’s 2023 and we have a massive hiring crisis that most non-HR and Talent pros don’t understand because the media doesn’t talk about the reality. If it bleeds, it leads, so let’s talk about MASSIVE LAYOFFS! In reality, layoffs are at a predictable historical amount as compared to other years. We don’t have a layoff problem, we have certain industries that overhired for years using free money and banker came calling.
I did a webcast a few weeks ago on my mid-year HR trends. My friends, Madeline Laurano and Kyle Lagunas, are doing their mid-year trend webinar today. Neither of us talked about a trend being a hiring crisis! Why?
A crisis is something that is short-term in nature. We’ll find a solution and we’ll solve our crisis. Our hiring issues are not short-term in nature. Hiring was hard. It’s getting harder. It will continue to get harder. It will ultimately cost our economy because we don’t have enough workers. Politicians don’t care. They don’t care because they love having 9 million open jobs. You know what a politician doesn’t want to see, no jobs open! Those politicians, regardless of party, lose their re-election.
There is no end in sight to how hard it is to hire great talent!
Our demographics are working against us. We are not making enough humans to replace the workers we are losing. There are only 3 potential solutions that I can think of:
1 – Make more babies! Like, start paying your employees to go home and have sex and make babies! Heck let them have sex in the stairwells like they did at Uber! Uber got crushed for what might be the best replacement strategy of all time. I’m only partly joking. Our younger workers are not having enough babies and it’s mostly because of how expensive it is.
2- Immigration reform! This is another tough one because neither Democrats nor GOP want to tackle this. It’s a lose-lose situation. But we need many more skilled and unskilled immigrants let into this country! We need this changed today. We need our CEOs of companies to rattle politicians’ cages and start putting money toward those politicians who will actually do something.
3 – Technology/Automation/Robots! This is already happening in the natural course of things. We hear how AI will kill us and save us every day. What we need it to do is make one human into 2 or 3 humans. The promise of 10X humans is a great story, but I’ll take a 2X human first!
There will be winners and losers in this crisis.
Some organizations will take a victors mentality to this fight and find ways to attract and hire more talent. They build better hiring machines. They’ll lay out a better vision for their employees who will stay longer and work harder. They experiment more in delivering the experiences that both candidates and employees desire.
If you’re in HR and TA right now you need to make one thing very clear to your organization. There is a big problem in our world. There isn’t enough talent to go around. Our battle is to get our fair share of talent and hang on to the talent we have. That is the only battle we care about. That is the only “trend” that matters.