Where we stand — talent, unemployment and more
ALEX BREAULT, DIRECTOR OF WORKBASED LEARNING | MELANIE SCHMEES, DIRECTOR OF BUSINESS & ECONOMIC RESEARCH
We have seen the hiring signs in almost every window of local employers but is hiring really that challenging now?
Numbers are supporting this – By and large, the top concern of employers on both a local and national level is workforce shortages. Local restaurateurs and hoteliers have shared their stories about turning away customers and shutting their doors early because they simply do not have enough staff to provide the level of service they strive for. Other businesses have had to turn down orders and contracts because they don’t have the staff to fulfill them.
The latest Florida unemployment rate for the month of May came in at 4.9%, around the same level that was seen January through March, and a substantial improvement from the 14.5% peak in May 2020. In Collier County, the April unemployment rate was 3.8%, also a substantial improvement from the 13.4% March 2020 peak. Additionally, EMSI job posting analytics show that there were over 8,000 unique job postings in the month of May in Collier County.
In Collier County alone, before the pandemic there was the risk of nearly 179,000 retirees in the county – roughly 66,000 above the national average for an area of this size – while Collier County’s millennial population is 24,000 below the national average for an area of this size. This trend will impact businesses, higher education, and the economy at large; so what can your business to stay proactive?
Below, are helpful tips and resources for your business to stay ahead of the talent challenges...
Recruit local talent through the following resources:
Elevate your current workers:
Enhance your job descriptions:
Build your own talent pipeline:
Other benefits to offer to help attract and retain talent:
For other business resources visit https://www.napleschamber.org/partnership.html.