Unwelcome and unexplained specters seem to lurk everywhere these days. The Covid-19 pandemic, while ostensibly on the wane in nations with easy access to vaccines, continues to sow volatility and uncertainty in people’s lives and the markets, and the new Delta variant has many worried about another winter of isolation. Meanwhile, businesses large and small continue to post physical and digital “help wanted” signs without results. From investment bankers to dishwashers, there suddenly seems to be a dearth of talent. A grim spectator might conclude that a labor shortage could be related to the death of more than half a million Americans. It’s not that simple.
As wages rise, CHROs keep quiet and offices are on the chopping block.