The theme that defines HR and L&D news this month? The talent shortage. Several reports reveal eye-opening statistics that highlight why hiring is so hard right now. And if you’re struggling with retention, too, you’re not alone. After all, it’s not enough to get people through the door. You also need to motivate them to stay. Let’s dive into this month’s news and views to learn more.

It’s not just you — hiring is really hard right now 

Just how hard is hiring at the moment? A whopping 69% of employers say they’re having difficulty filling open positions. The ManpowerGroup’s quarterly survey revealed that this is a 15-year high. Some of the hardest-hit industries include manufacturing, finance and business services, transport and public utilities, and mining and construction. Head to The Hill to explore the findings. 

Raising wages isn’t enough

Demand for workers is surging — the Bureau of Labor Statistics found a record number of job openings in June. And many companies are trying to attract new talent by raising wages. But this strategy isn’t enough, reports CNBC. Today’s candidates want career and professional growth opportunities. In response, employers are boosting tuition reimbursement and other skills training programs.

Growth and training ward off the Great Resignation

The Great Resignation is a recurring theme in the HR world. The pandemic caused many employees to evaluate how satisfied and motivated they are in their current roles. And they may very well be voting with their feet by leaving their roles. Chris McCarthy, Strategic Advisor at Degreed, spoke to about how growth and training opportunities can retain more employees. His tips include offering stretch assignments and career progression as well as personalized learning for everyone.

IT’s rolling out the welcome mat to employees over 50 

People over age 50 represent a major talent pool for the IT industry. It’s true that careers in IT typically require technical skills like cloud computing, artificial intelligence, and data analytics. But that’s not the full story — successful IT professionals must also be skilled in communication, creative problem solving, and teamwork. Many more experienced workers are likely to already have these skills, making them prime candidates for IT roles, according to SHRM

When you bet on employee wellness, everyone wins

When should you invest in employee wellness programs? Early and often says Tara Ataya, Chief People & Diversity Officer at Hootsuite. Wellness programs can help prevent burnout, a pre-existing problem that the pandemic exacerbated. Hootsuite has committed to employee wellness with new mental health benefits, company-wide time off, and focus groups that promote psychological safety. As a result, employee engagement has climbed to 84%. Find the full story on HR Dive

Set your organization up for success — no matter what’s next

What’s the key to coping with the talent shortage? Offering learning and growth opportunities. This helps you attract new talent — candidates are looking for workplaces that will give them the ability to learn and grow on the job. But these programs also keep existing employees engaged. On-the-job learning and upskilling are linked to employee retention.

Wondering what steps you can take to tackle the talent shortage through learning? Discuss best practices for training your workforce by speaking with our learning experts today.