Labor shortage
MSP Skills Gap '24: Causes & Best Practices for Mitigation
It’s expected that by 2025, more than 60% of organizations will depend on MSPs for their operations and security. Since managed service providers are being used more, they are feeling the pressure. In the IT department, for instance, 27% of all companies – including MSPs – had a skills gap in 2022.
Augmented Workforce in 2024: A Solution to Labor Shortage
According to McKinsey, 95% of the jobs are not completely automatable. This means, in almost every business, people will continue to be the essential part. However, people are leaving the workforce. Over the past 20 years, the workforce participation rate has declined, particularly in developed nations (See Figure 1 for the US).
Labor Shortage Automation in 2024: How Firms Can Adapt
The job market is paradoxically seeing a large amount of vacant jobs and layoffs taking place at the same time. But “smart” companies that are: Can have a higher chance of battling worker shortages and attracting skilled labor.