More Career Opportunities: Major Companies in UAE Intend...
After the COVID-19 pandemic, the labor market in the UAE…
Read More
Follow us
admin
June 7, 2022
The International Labour Organization (ILO) confirmed that with over 237 million COVID-19 cases worldwide as of October 2021, many have been kept from work, causing offices and other workplaces to observe mandatory restrictions that induced staff shortages across all industries. As new variants of the virus continue to appear in 2022, experts have predicted that the global worker shortage may only worsen. In the US alone, 11.3 million vacant positions were open in January with not enough workers to fill the same.
Factors Affecting Labour Shortage in 2022
According to the ILO, although the labour force participation rate is expected to recover by 59.3% in 2022 after declining in 2020, it is still a few points lower below the pre-pandemic level in 2019. With that, the global unemployment rate is still projected to remain higher until at least 2023, with the number of individuals not participating in the labour force to reach 7 million in 2022 from 186 million in 2019.
According to studies, international trade has a significant impact on labour markets as it drives structural changes and productivity by influencing the level of employment, income, and other labour outcomes. Consequently, the more steady global trade is, the more workers will become available as wages and job security become more stable. However, according to economists, the global trade outlook for 2022 remains very uncertain due to high fuel prices, the increase in shipping costs, and the existing backlogs across major supply chains that could continue all throughout the year.
How to Deal with Labour Shortages in 2022
It is a known principle in economics that one of the leading factors that affect labour force participation is the trade off people face between leisure and work. However, when these factors are balanced, the workforce can also address them in an equilibrium, allowing them to engage in one without compromising the other.
With this, it becomes vital for companies to optimise their benefits packages and include therein items, like commissioned leaves, that are likely to attract more people into the working labour force.
One of the best possible ways to deal with the labour shortage is to utilise all kinds of people, regardless of how different they are as to race, creed, or religion. This practice has long been proven effective in the UAE, a country with the fifth largest international migrant stock in the world working in its markets, making it among the most stable economies globally. Through this method, companies will be able to fill in their vacancies faster as they open their doors to a wider scope of network, addressing their staffing needs timely in the long run.
Manpower suppliers typically have a large pool of workers who undergo specialised screening processes that determine their expertise and knowledge as to a particular job function. With their help, companies will have a wider network of qualified people within their reach. For example, those needing mechanical workers or painters can be provided even with a hundred staff in just a span of two to three days through the number of available workers a manpower supply company has.
Find a Reliable Manpower Supplier
To utilise all the methods in dealing with the labour shortage for 2022, it is best to engage the services of a manpower supply company that not only offers generous benefits packages, like free transportation, but is also open to different kinds of people for a larger pool of available workers.
Reach out to World Star Manpower, an authorised manpower supply company in Abu Dhabi, for more information.
After the COVID-19 pandemic, the labor market in the UAE…
Read More
Emiratization, a program to encourage businesses to hire more citizens…
Read More
According to a recent survey, the UAE Labour supply is…
Read More
The manpower supply in UAE is the fourth-largest economy in…
Read More
The blue-collar workforce has been an underserved core demographic in…
Read More
Consumer demand fluctuations, anti-competitive practices, geopolitical issues, and labor shortages…
Read More
It is recognized that today’s construction sector is unable to…
Read More
Construction workers confront threats to their safety and well-being more…
Read More
Modern technology has revolutionized the outsourcing process in this digital…
Read More
The post-pandemic reluctance of workers to return to the office…
Read More
In the past generations, workers used to be separated into…
Read More
Employee retention is the lifeblood of every company’s productivity. Regardless…
Read More
Construction is one of the world’s largest industries, generating trillions…
Read More
organizations determine the level of staffing required to meet company…
Read More
The pandemic has ultimately transformed how companies operate, compelling them…
Read More
The construction industry is one of the most rapidly increasing…
Read More
For every company, recruiting has never been a walk in…
Read More
Businesses are constantly innovating their ways to improve operational efficiency…
Read More
There has been a growing concern about the shortage of…
Read More
The UAE continues to dominate as a global talent magnet,…
Read More
With the UAE’s continued economic and industrial growth, manpower management…
Read More
There is a growing need for qualified outsourced workers as…
Read More
There are several challenges facing blue-collar workers in the UAE…
Read More
Recruitment is a serious business, and even more so in…
Read More
Experts predict that the construction industry will become an economic…
Read More
Human resource (HR) functions are at the core of every…
Read More
Economic experts have already recognized that increased productivity creates economic…
Read More
The International Labour Organization (ILO) confirmed that with over 237…
Read More
According to studies, among the primary goals of modern economies…
Read More
All organizations require skilled and trained personnel as these people…
Read More
In all competitive markets, the supply of and the demand…
Read More
The world is currently experiencing an ongoing labor shortage.…
Read More
Recruitment is a vital process in every organization that seeks…
Read More
Workers are the core of every company’s progress as their…
Read More
As the world recovers from the global economic collapse brought…
Read More
UAE has become one of the largest business hubs in…
Read More
Corporate social responsibility is a management concept whereby companies display…
Read More
Aligning the employees’ and employers is pivotal for the success…
Read More
Manpower Planning or Human Resource Planning (HRP) refers to a…
Read More
Health Insurance refers to a financing system which covers an…
Read More
Working in any industry today is more difficult than ever…
Read More
Blue-collar workers popularly refer to those who engage in hard…
Read More
According to the Organization for Economic Co-operation and Development, the…
Read More
The construction industry is one of the largest sectors in…
Read More
Manpower or human resources are one of the key…
Read More
One of the many things that are overlooked when it…
Read More
The Covid outbreak has given rise to many unexpected changes,…
Read More
With the new year underway, many experts have already made…
Read More
Most employees are promised career growth when they are first…
Read More
It is common practice for oil & gas manpower supply services…
Read More
In the length of the COVID-19 pandemic and the work…
Read More
Almost two years into the COVID-19 crisis, companies across industries…
Read More
In the business world, there is ever-increasing competition for attracting…
Read More
Cutting costs is a major concern for many businesses. Especially…
Read More
Productivity is one of the most crucial forces driving an…
Read More
Labour shortage is an inevitable experience in HRM. Dealing with…
Read More
One of the highest costs in business is labour or…
Read More
Workforce planning is an integral part of the full lifecycle…
Read More
Employees are the backbone of an organization. In truth, the…
Read More
Manpower or employees are one of the greatest assets of…
Read More