Challenges of a shrinking workforce…
There is a shrinking workforce in Wisconsin and a recent BizTimes publication highlighted that fact.
WFA Staffing is in the business of locating qualified talent for our client employers, and have been doing that for a long time. We know the difficulties in searches since we live it day-in and day-out. Our recruiting staff has come to understand which searches will require a longer time frame, and we have had the opportunity to see what the going rates are in some of the toughest recruiting categories.
WFA views ourselves as partners with our client employers. Our company has always thought in those terms and we find that many of our client employers are also thinking along these lines. Our seasoned staff can help employers gain a feel for what timespans ought to be planned for in recruiting. They can also advise on going rates for the talent being sought. We know that some positions will simply be tougher to fill. We also want to be open with our clients in that regard.
Frankly, if you are not having those same discussions with our competitors, you might want to give us a call.
We are all looking for the right talent at the right price.
That may sound a bit crass but that is often the name of the game in today’s market. Especially in certain sectors of employment, available people are in very short supply. Even though it might be tempting, we do not reach out to former employees whom we have placed. That is simply not the way we choose to operate.
Given the shrinking workforce, we have had discussions with good long-term clients who are re-thinking their staffing plans. Some are even at the point of relaxing their standards a bit just to be able to continue to serve their clients. Gone are the days when an employee performing at 80% of requirements could be released. Finding a good replacement in a few weeks, no longer is an option, at least in certain categories of positions.
Another critical aspect adding to this shortage of talent quite frankly is the numbers of candidates who fail the requisite drug tests. That seems to be an increasing issue rather than simply being better some months and worse other months.
The laws of supply and demand are active in today’s marketplace.
The skill sets in greatest demand carry the highest costs but will also deliver profits in return. Profits don’t flow if product quality or service is degraded, or if delivery times stretch out to untenable lengths of time for customers.
If you know you’ll have needs over the next few months, please let us know what those are likely to be so that we can be aware and get those wants into our system soon. A new hire a week or two early is far better than a new hire a week or two or more too late.
Fred D’Amato, President