Although we are approaching the end of the coronavirus pandemic, another crisis is looming on the horizon which may affect the day-to-day affairs for anyone working in HRM: a labor market shortage. According to ‘Researchcentrum Onderwijs en Arbeidsmarkt (ROA)’, a research center run by Maastricht University, a total of two million job openings are expected between now and 2026, while only 1.6 million new people are expected to enter the labor market in that same period. Most of these expected job openings are the result of current employees leaving employment due to retirement or work disability. Others are caused by economic growth. Still, there remains a lot of uncertainty as to the future of the job market.
The demand for new employees in ICT, technology, healthcare and education will remain high. However, an analysis by NOS (the Dutch Broadcasting Foundation) based on data published by UWV (National Institute for Employees’ Insurance and Regulations) shows that there are currently also lots of job openings in logistics and sales, as well as there being a high demand for professional gardeners. The labor market shortage could even increase in the near future, which will only slow down the economic recovery after the coronavirus pandemic is over. And a solution isn’t just round the corner. Options include recruiting employees from abroad, retraining current employees, changing the requirements in the selection of suitable candidates and making it more appealing for part-time employees to work more hours.