05 Mar Why Businesses Are Unable To Fill Positions?

Quite a few contradictory events have been taking place in the job market over the past few months. A little into the pandemic, dismay and disarray grew as many began to lose jobs. Businesses had to shut down altogether simply because they could not wait it out. Now that jobs have been created, surveys have reported that employers are unable to fill in those positions. Typically, those who lost their jobs should be delighted that they can earn a living once more, so what is going wrong that all these positions are still vacant. Let’s dig deeper.

1. Added Pressure On Parents

The paradigm shift in lifestyle led to parents having to manage much more at home. With home-schooling and online classes, parents had to manage work and kids like never before. Additional help like nannies and cooks, too, became difficult to hire because of the restrictions. For many moms, managing the house, kids and work became more than they could handle, and they ultimately opted to leave the job market.

2. Pandemic After Effects

Even though vaccinations are underway, people are still scared to leave the house, reducing the applicants by another drastic number. Furthermore, because of the dire situation, employees in the hospitality and service industries are facing hostility from the customers, something that has made them quit their jobs altogether.

3. Getting Crafty

With unemployment benefits being decent, many citizens in the USA have found that this weekly government benefit is more than enough to cover the necessary home expenses. So, many have started to rely on government aid and stimulus checks. The smarter ones who have kept tabs on the booming stock market have cashed in their investment benefits and taken early retirement.

4. Inability Of Employers To Increase Pay

At the end of the day, it’s simple – people will work if what is offered is attractive. But the problem is that businesses, too, have a threshold when it comes to pay. With the bottom line taking a hit, it’s not easy for employers to pay higher than a certain amount per job.

As long as schools are closed and there’s extended unemployment benefit, this scenario is unlikely to change. Until then, employers can look at remote hiring or outsourcing wherever possible.