- December 25, 2021
- Posted by: Stratford Team
- Category: Business
Business Insider magazine interviewed numerous employment experts to identify the complex interplay of factors linked to worker shortages:
Child care issues. We are in a child care crisis. According to a McKinsey & Co. study, 45 percent of workers who quit their jobs cited a need to take care of family as a major factor in their decision. As child care centers struggle to fill staffing needs, many have to offer better wages to compete — thus driving up child care costs. In response, some two-income households may find it cheaper for one parent to say home and care for the kids.
A need to feel valued: While many businesses have assumed more money is the answer, an international study by McKinsey & Co., found that it’s even more important for workers to feel like their employers value them and that their work has meaning.
An expanding “gig” economy: The US has seen dramatic growth…
