Area employers grapple with labor force, as boomers retire
While the local job market remains at historically tight levels, the last year appears to have brought some much needed relief for local employers who have had to get creative — and boost pay and benefits — in order to fill their workforce needs.
Despite workforce participation rates that are among the nation's highest and record low unemployment,
"Many people retired during or immediately after the pandemic when they had the chance to do it," said
New workers, new expectations
"It's a highly competitive market," Markman said. "We have to be very competitive with other banks, not only locally but in
"The baby boomers have a different work ethic than the newcomers," Watts said. "(Young workers) have different expectations of their employer, and we try to meet their needs and be flexible, but it's a different pool of candidates to choose from."
Health care
The workforce shortage has had a particularly notable impact on health care providers. Health care is
By contrast,
When positions are left unfilled, Allina relies on travel nurses to meet its needs, paying a premium for talent from
Allina has also become more creative in how it puts together its schedules, helping staff to accommodate a healthy work-life balance and offering options such as part time work to those interested — such as baby boomers looking to ease into retirement.
Immigration boost
Pre-pandemic projections from DEED showed that the state would likely add more than 75,000 jobs from 2020 to 2030. However, that figure was much smaller than the roughly 190,000 jobs
The pandemic changed all that, as
Schaffhauser said that one potential solution for
"The challenge is that population projections are very flat for
While southern states, like
"Many of these workers are political refugees, and they're coming to
After struggling to fill all of its job openings, Redemption in
Treating workers well
While local businesses have had to raise wages to help employees keep pace with inflation, Perez maintains that the biggest key to attracting high quality staff is to maintain a strong internal culture built around mutual respect.
For Jake's Stadium Pizza in
While keeping wages competitive amid inflation can be a challenge, Restaurant manager
Although
"Restaurants always do well in a recession, and we've done well for the last nine months to a year," he said.
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