The Skillwork Forum

2022 Trends for skilled labor (Part 1)

Are you aware of the skilled labor trends for 2022? 

We’re expecting to see similar trends from the past two years in 2022, but many of them will accelerate significantly in the coming months. It’s critical to be prepared as a business leader or skilled worker so you can meet the challenge head-on 
 
In our most recent episode, Tim Raglin and Brett Elliott chat about the eight largest factors and trends that will continue to affect the skilled trades, such as:
 
  • Labor Shortages
  • Baby Boomer Exodus
  • Workplace Flexibility
  • Replacement
These are just a few of the challenges industries across the United States have been facing and will continue to face in the coming year. However, we’re confident that being aware of these issues can help businesses and workers plan to be successful in 2022.
 
Main Takeaways
  • Upcoming trends will impact the skilled trades
  • Skilled labor shortage is affecting and will continue to affect many industries
  • Businesses need to be aware of the “baby boomer exodus”
  • Workplace flexibility is in high demand
  • How “replacement” will affect your business
 
Timecodes
  • 00:00-03:34 | What trends are the skilled labor industries facing today?
  • 03:34-12:35 | Skilled labor shortage will continue and accelerate
  • 12:35-17:47 | How can companies deal with the retiring baby boomers?
  • 17:47- 23:23 | Start to think about workplace flexibility for your workers
  • 23:23-32:21 | Replacement has become a huge factor in labor shortages
  • 32:21-34:26 | Skilled workers are what keep America running
 
Quotes
  • “If you’re a skilled worker, it’s the golden age for skilled labor.” – Brett Elliott
  • ”It’s going to take a change in mindset to be able to address this labor shortage because it’s going to continue to put stress on your current workforce.” – Tim Raglin
  • “So your 5 to 10 year strategic planning? That just got moved up to, you know, like today. You’ve got to take care of today.” – Tim Raglin
  • “In our rush to try to acquire new talent, younger talent, and replacement talent, there’s a tendency to forget those guys that are out there doing it, and have been doing it for a long time.” – Tim Raglin
  • “And so obviously, you have to start thinking differently as to how you’re going to attract the talent.” – Brett Elliott
  • “Staying in the current paradigm that you are with your workforce is going to guarantee you that you’re going to struggle a lot more against your competitors that are more forward–leaning for the workforce. It’s just guaranteed. It’s supply and demand. And you’re going to have to rethink a lot of your strategy.” – Tim Raglin
  • “Most economists that look into the workforce and labor trends have said that replacement will outpace growth and attrition as the drive for labor increases in the coming decade.” – Tim Raglin
  • “People are leaving jobs at record numbers, partially because they can. Unfortunately, there’s not as much loyalty to stay in one location.” – Brett Elliott
  • “Be aware that you’re continually recruiting your current staff and think: what do I need to do to recruit them to stay?” – Tim Raglin
  • “The fact is, there’s more leaving than there is coming behind them, and you’d better be figuring out how you’re going to attract the ones you need.” – Brett Elliott
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