This labor shortage is caused by several factors, including an aging population, reduced international travel due to the COVID-19 pandemic, and rapid economic growth in some sectors.
Companies in these key sectors face challenges recruiting and retaining qualified employees. This can lead to production delays, additional costs and reduced productivity. For example, in the information technology sector, companies may have difficulty recruiting qualified software developers, cybersecurity engineers and data analysts. In the construction sector, companies may have difficulty recruiting skilled workers such as carpenters, electricians and plumbers.