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The labor force shortage has reached a historical record - survey

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Labor shortages due to attrition and/or departures are again a top concern for businesses, with the share of companies reporting this obstacle reaching an all-time high of 64% in November, compared to 57% in October and 61% in September.

About this  testify results of the monthly survey of enterprises of the Institute of Economic Research and Political Consultations (IED).

"At the same time, the problem of finding qualified workers is growing. On the one hand, there is a limited supply, but we also see an increase in the demand for labor force, which is a very positive signal and indicates a recovery, at least not a deterioration of economic activity." - commented the director of IED Oksana Kuzyakiv.

Regarding the difficulty of finding qualified workers, 55,5% of respondents said that, after 51,9% in October. And unqualified staff is hard to find in 38,9% of businesses after 34,8% in October.

In the labor market, most enterprises do not plan any changes, although positive phenomena are noticeable: the share of enterprises with plans to increase employment in the next three to four months continued to grow - from 13,8% to 14,1%, and the share of businesses that plan to increase the number of employees continued to grow in forced vacations, decreased from 14,4% to 4,2%.

As for obstacles, the top three remained the same as in October, although in a different order.

"It's dangerous to work" in our country in second place. On the third line - "increase in prices for raw materials, materials and goods." The value of this indicator increased from 43% to 48%, possibly due to inflationary expectations." — stated Yevhen Angel, a senior researcher at the IED.

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