Shortage

Cielo Survey Finds That 50% of HR and Talent Acquisition Professionals in APAC Face Challenges in Quality of Hire

Friday, October 8, 2021 - 3:00am

Furthermore, talent acquisition professionals today are increasingly challenged with attracting a future-proof talent pool and ensure new hires meet organisational objectives.

Key Points: 
  • Furthermore, talent acquisition professionals today are increasingly challenged with attracting a future-proof talent pool and ensure new hires meet organisational objectives.
  • However, APAC diverges from this global trend, identifying quality of hire as the main challenge at 46.2% - skills shortage ranks second, jointly with time to hire at 35.4%.
  • Furthermore, this challenge is exacerbated for APAC respondents that do not leverage RPO models compared to those that do (26.7%).
  • "Skills-based talent acquisition has the potential to address many of APAC's unique concerns, as well as those which the region shares with talent acquisition teams worldwide.

Labour shortage is limiting the growth of most Canadian businesses: BDC study

Wednesday, September 29, 2021 - 11:00am

"As the economy recovers, this scarcity of workers is reaching worrying heights, putting economic growth at risk and compromising the competitiveness of Canadian businesses," says Pierre Clroux, Vice President, Research and Chief Economist at BDC.

Key Points: 
  • "As the economy recovers, this scarcity of workers is reaching worrying heights, putting economic growth at risk and compromising the competitiveness of Canadian businesses," says Pierre Clroux, Vice President, Research and Chief Economist at BDC.
  • "Fortunately, while labour shortage is here to stay, entrepreneurs can take key actions to limit the impact of this situation on their growth."
  • Canada's labour shortage has been a challenge for a decade due to an aging population, but the COVID-19 pandemic accentuated it.
  • For more than75 years, BDC's only purpose has been to support entrepreneurs in all industries and at all stages of growth.

2021 Skilled Trades in America: From Great Resignation to Great Opportunity

Tuesday, September 21, 2021 - 2:00pm

DENVER, Sept. 21, 2021 /PRNewswire/ -- While U.S. workers express discontent in their jobs and careers leading to what is now called "The Great Resignation," there is one industry that stands apart: the skilled home trades.

Key Points: 
  • DENVER, Sept. 21, 2021 /PRNewswire/ -- While U.S. workers express discontent in their jobs and careers leading to what is now called "The Great Resignation," there is one industry that stands apart: the skilled home trades.
  • According to Angi 's second annual Skilled Trades in America Report, job satisfaction in the skilled trades remains remarkably high, with 83% of tradespeople satisfied in their choice of work.
  • Meanwhile, the top driver for overall satisfaction in the skilled home trades is the meaning and value in the work.
  • "It's time to recognize that the skilled trades offer the opportunity for people to find engaging and high-paying careers.

Nearly Half of Prospective Home Buyers Under 45 Have Considered or Are Considering Moving Out of Ontario Due to Housing Affordability

Tuesday, July 13, 2021 - 12:00pm

More than half of these aspiring buyers (56%) are pessimistic about the possibility of buying a home in the community they want to live in.

Key Points: 
  • More than half of these aspiring buyers (56%) are pessimistic about the possibility of buying a home in the community they want to live in.
  • Not addressing the housing supply shortage could have a detrimental effect on Ontarios competitiveness and ability to retain talent.
  • The majority (68%) agree that there are things the Ontario government could do to make the housing market more affordable.
  • Almost half of Ontarians believe that residential construction will be key to economic growth and job creation when the pandemic is over.

ZK International Looks to Supply International Markets That Face Shortages in Construction Materials

Monday, June 21, 2021 - 2:30pm

The shortages of piping fixtures across Europe and North America are creating an opportunity for ZK to take its international sales to a new level.

Key Points: 
  • The shortages of piping fixtures across Europe and North America are creating an opportunity for ZK to take its international sales to a new level.
  • Mr. Jiancong Huang, Chairman and CEO of ZK International, stated, "Due to the pandemic, we see a big gap between the supply and demand which creates a great opportunity for ZK to expand its international base.
  • ZK currently exports its products to 14 countries in Europe and has no export sales in US at this point.
  • ZK is looking to supply its products to distributors in the UK as builders continue to face material shortages, delays, and disruptions as the construction boom continues to drive demand.

New Report Confirms Demand for High-Skilled Foreign Workers Continues Despite COVID-19 Pandemic's Impact on Labor Market and Economy

Thursday, June 10, 2021 - 2:00pm

Failure to enable employers to fill critical workforce gaps hampers their ability to fulfill their economic potential, stymieing economic growth nationwide.

Key Points: 
  • Failure to enable employers to fill critical workforce gaps hampers their ability to fulfill their economic potential, stymieing economic growth nationwide.
  • The report, How Has Demand in Sectors Dependent on Specialty Skills Changed Due to COVID-19?
  • Despite the economic upheaval of the pandemic, there remains a shortage of highly skilled workers to meet the persistent demand of employers.
  • In fact, computer-related jobs made up 69.6% of all foreign labor requests in FY2020, a slight increase from FY2019 despite the COVID-19 pandemic.

Digi-Key Electronics Partners with Rochester Electronics to Help Provide an Ongoing Supply of Critical Components

Tuesday, June 8, 2021 - 3:30pm

The COVID-19 pandemic and many other supply chain factors have placed significant strains on the electronic components supply chain, with shortages rampant throughout the industry.

Key Points: 
  • The COVID-19 pandemic and many other supply chain factors have placed significant strains on the electronic components supply chain, with shortages rampant throughout the industry.
  • The Digi-Key and Rochester partnership is great for our customers as we are both privately owned companies that are customer value driven first and foremost.
  • "It has been a very rewarding experience working with the Digi-Key Marketplace team," said Christa Brooks, channel sales manager for Rochester Electronics.
  • While Digi-Key anticipates the overall component shortages in the industry will likely last into 2022, the Rochester Electronics partnership is helping continuity of supply for Digi-Key customers.

Consumers Feeling the Effects of Materials Shortages

Wednesday, June 2, 2021 - 3:58pm

As a result, experts say this might be a good time for consumers to sell their used cars, which are fetching top dollar.

Key Points: 
  • As a result, experts say this might be a good time for consumers to sell their used cars, which are fetching top dollar.
  • He believes consumers should expect to deal with supply shortages during the next year and maybe longer.
  • Its starting from the raw materials being in short supply and working through the supply chain, Menachof said.
  • The materials shortages will be a major topic for FAUs Master of Science in Supply Chain Management .

Report: As COVID-19 Recedes, Labor Shortages Return as a Key Challenge for US Companies--and Opportunity for American Workers

Friday, May 28, 2021 - 2:00pm

Labor shortages appeared to be a thing of the past for the foreseeable future.

Key Points: 
  • Labor shortages appeared to be a thing of the past for the foreseeable future.
  • Labor Shortages Are Making a Comeback , a new report from The Conference Board, examines the unique factors and long-run forces driving this return to extremely tight labor markets.
  • Because the pandemic was riskier for older workers, some may have had more incentive to leave the labor force.
  • While employers may struggle, the tight labor market is great news for workers especially those in the lower-paid jobs facing major shortages.

Professional Truck Driver Shortage May Worsen Pipeline Fuel Crisis

Friday, May 14, 2021 - 1:00pm

(1) To make up for the shortfall, numerous states will have to rely on alternative suppliers, including professional truck drivers to transport fuel.

Key Points: 
  • (1) To make up for the shortfall, numerous states will have to rely on alternative suppliers, including professional truck drivers to transport fuel.
  • However, this sudden increase in demand for new suppliers is only being exacerbated by the ongoing shortage of professional truck drivers, especially those with hazmat and tanker qualifications.
  • (3) This situation may lead to gas shortages in numerous eastern states.\nThe global pandemic further accelerated the driver shortage.
  • "Truck driver shortage leads to job opportunities in a matter of weeks."