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7 Stats that help explain the global labor shortage

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1. 49% of global workers feel at least somewhat burned out, according to a 2021 study Early into the global pandemic, mental health experts were predicting an increase in mental health issues that could affect the workplace. The combination of workplace disruptions, increasing personal demands (homeschooling and caring for aging parents), long-term isolations due to shutdowns and remote work, and ongoing health scares took a toll on nearly everyone around the world. For some, these increased stressors and isolation led to depression, anxiety and other mental health disorders. 7 stats that help explain the global labor shortage. Today's labor shortage affects employers in nearly every region of the world. In fact, studies show that 87% of companies are already having trouble acquiring the talent they need or anticipate having these challenges in the future. If this issue is not addressed, it may hinder your companies' ability to grow. However, before you put a plan in place, it's important to have a grasp of the causes behind it. By better understanding these causes, you can develop effective talent strategies to overcome the labor shortage. Here are seven tell-tale stats that shed light on this issue. very-high degree high degree somewhat low degree very-low degree source: McKinsey & Company, 2021 asia australia europe latam US total level of burnout felt by employees (% survey participants) 3

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