{"id":12426,"date":"2024-06-03T16:04:00","date_gmt":"2024-06-03T16:04:00","guid":{"rendered":"https:\/\/integritystaffing.com\/?p=12426"},"modified":"2024-12-17T19:51:19","modified_gmt":"2024-12-17T19:51:19","slug":"navigating-the-fb-industry","status":"publish","type":"post","link":"https:\/\/integritystaffing.com\/integrity-insights\/navigating-the-fb-industry\/","title":{"rendered":"Navigating the Complexities of Labor Shortages in the F&B Industry"},"content":{"rendered":"\t\t
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Navigating the Complexities of Labor Shortages in the F&B Industry<\/strong><\/h1>

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Labor shortages have become deeper and more disruptive across industries in the last few years. The food and beverage space has been particularly impacted, with several factors driving shortages that could risk a company\u2019s ability to thrive in the fast-changing industry. If employers respond to this environment with a people-centric, forward-thinking strategy that recognizes the vital role of talent for business outcomes, however, they can temper the influence of labor shortages and stay far ahead of the competition.<\/p>

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Let\u2019s look at the current state of the talent supply landscape in the F&B industry.<\/p>

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What\u2019s Influencing F&B Industry Labor Shortages?<\/h2>

F&B labor shortages are nothing new\u2014but have been exacerbated by the pandemic and subsequent \u201cGreat Resignation.\u201d According to the U.S. Chamber of Commerce, nearly 100 million U.S. workers voluntarily left their jobs between 2021 and 22, and, like many other industries, F&B is still recovering. Late last year, the federal government reported there were only 72 F&B workers available for every 100 open jobs in the industry.<\/p>

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At the same time, F&B employers are grappling with generational changes. More than one-quarter of manufacturing jobs, for instance, are held by older workers, heightening the risk of retirement-driven vacancies. A new study<\/a> from the Manufacturing Institute and Deloitte found that the U.S. manufacturing industry may need to hire up to 4 million workers in the next 10 years, yet nearly two-thirds of manufacturing leadership cited talent attraction and retention as their organization\u2019s biggest business challenge today.<\/p>

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Meanwhile, employee expectations among the newest entrants to the workforce are markedly different than those held by previous generations, requiring F&B organizations to dramatically reshape their employer value propositions if they want to attract and retain fresh talent to address ongoing labor shortages. At the same time, the F&B industry is being rapidly reshaped by the introduction of emerging technologies, which\u2014if not proactively addressed\u2014could deepen skills gaps and widen labor shortages.<\/p>

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Strategies to Address F&B Labor Shortages<\/h2>

To reduce turnover and ignite attraction in this challenging environment, F&B leadership teams must prioritize strategic workforce development and management. Here are four things you can do right now:<\/p>