As we begin 2023, a serious worker shortage is creating chaos around the globe – especially in the most industrialized countries. If your organization has more open positions than you can fill, consider offshore outsourcing to stabilize your workforce and save money.
Here is a 5-minute read about:
Share This Article:
There are currently 10.5 million job openings in the United States, and only 5.7 million job-seekers available to fill those jobs.
When the COVID-19 pandemic began in early 2020, non-essential businesses closed down temporarily. Even many essential businesses that were allowed to remain open had to drastically cut jobs to try to stay in business. Some organizations did not survive, and had to close down permanently.
In 2022 – two years after the beginning of the disastrous pandemic – fortunes had largely reversed. American companies added 3.8 million jobs as they began to bounce back from the misery of the pandemic.
By the time American business had recovered to the point of adding back many of the jobs that were lost to the pandemic, the workforce had embraced the “Great Resignation”.
American workers made some discoveries:
With the boom in job creation, you would think that American workers would come out in large numbers to fill those jobs.
The American economy has lost 2.9 million workers and added 3.8 million jobs.
This means that even if everyone who wants employment got employment, there would still be about 4 million open jobs with no one to fill them.
The example of the American worker shortage experience is typical in most industrialized nations. They have been hit the hardest, although many other countries may be less impacted or only occasionally have staffing issues at times when rapid job growth occurs.
Not so in India. Murthy Rao, CEO of Login Services Business Process Outsourcing said, “There is no worker shortage for us in Coimbatore. We continue to hire as many well-qualified professionals as we need to staff new client projects.”
Well-established, top-tier, full-service BPO providers in India can attract the qualified talent needed to fill your open positions remotely.
LOGIN SERVICES™ is one of the leading BPOs in this elite class. It values its talented Indian tech professionals and focuses on employee retention – so we are always ready to quickly help solve your worker shortage challenges.
Want to learn more about the process of outsourcing? Download the full guide and checklist for determining the BPO that will best meet your needs.
U.S. Chamber of Commerce
Society for Human Resource Management (SHRM)
U.S. Department of Labor
Share This Article: