The solution to the “demographic drought”
March 30, 2021
Tips for companies due to the shortage of skilled workers
The “demographic drought” is causing labor shortages to worsen. Due to baby boomers leaving the workforce, reduced labor force participation among 25- to 54-year-olds, and lower birth rates companies are increasingly facing labor shortages.
What can companies do?
Companies no longer have the privilege of quickly recruiting qualified employees from the labor market. The number of potential candidates is smaller, there are always risks with new hires and it is not uncommon to be confronted with significantly higher salary demands when filling a new position externally. It is better to keep experienced employees, to develop them continuously and to pay them according to their development and responsibility.
At Learning Pool, we offer a comprehensive upskilling platform that provides valuable support to employees in their personal development. The digital career advisor suggests individual development measures based on the personal skill profile and the desired role. The platform strengthens personal initiative, promotes transparency about the skills needed in the future, and facilitates lifelong learning.
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