According to Statistics Canada, nearly 900,000 jobs were vacant in August 2021. In other words, this is a problem that concerns the majority of businesses and all areas. It is important to look into this since it is estimated that the situation will peak between 2030 and 2035.
If you thought the pandemic was the worst thing for your business, you’ve greatly underestimated the labour shortage problem… And even for businesses that fully realize the consequences, they are probably considering non-viable long-term solutions to fix it.
Indeed, to counter the labour shortage, the first instinct of many management teams is to try to find employees in other ways: either through immigration, students or other types of workers, or by offering better conditions and/or higher salaries in order to attract people currently employed elsewhere.
But all these are only temporary solutions. It is time to think about resolving this problem definitively. It is time to involve innovation, automation and artificial intelligence.