. A few years later, that enrollment cliff is likely to be a workforce cliff.
Experts say those shifts make it incumbent upon employers to think strategically about their long-term talent pipelines.“The biggest takeaway I hope businesses in particular take away is that it's going to be really important to just value the warm bodies that you have working for you because they are going to be harder and harder to replace. People are not expendable, and talent is valuable,” said Lightcast's Hannah Grieser, of the looming3.
Considering the aforementioned demographic challenges that are only expected to intensify, that's a recipe for continued hiring challenges for businesses unwilling to adapt — either by embracing remote work themselves or finding new ways to attract or broaden their talent pool."As long as the job market favors workers, staff retention will continue to be a big concern for businesses.
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