“Going forward, we’re never going to have enough workers.” That statement, however unpalatable it may be to small employers in West Michigan, is a realistic assessment of worker availability, according to Dr. Paul Isely, Associate Dean of Undergraduate Programs’ Seidman College of Business, Grand Valley State University. Dr. Paul Isely joined Sheri Welsh for this discussion on The Welsh Wire Podcast.
Millennials are a key demographic within the working age population and “that millennial group peaked way back in 2014-2015,” Isely says. “And since that time, the number of new 20- to 24-year-olds has been cycling down. And in fact, we’re down more than ten percent from our peak just seven years ago. So that’s a big deal.”
The Welsh Wire features professional recruiting expert Sheri Welsh and moderator Mike Rogers. Listen in as leaders from a wide array of small to mid-size west Michigan companies weigh in and share their experiences and insights on a variety of business topics, including employee retention challenges and recruitment success stories.