The state of Arizona’s workforce impacts your business. With workforce demands in our state and nationwide rapidly evolving, it is important that business leaders stay informed on trends about the labor market.

Each year, the Greater Phoenix Chamber Foundation produces an in-depth study on Arizona’s workforce. The 2021 State of the Workforce Report highlights trends in Arizona’s labor market, local perspectives talent gap challenges and consumer sentiment on the job market, compensation increases and retraining.

Did you know…

Arizona’s economy is much more diverse today than ever before.

As more than half of Americans in the workforce report they now prioritize higher salary jobs, Maricopa County continues to see exponential growth in high wage occupations such as health care, business services, transportation, IT and construction. (Bankrate’s August 2021 Survey of Working Adults)

Employers across the country employers are struggling to find not only qualified workers, but applicants of any kind, for their job openings.

In 2020-21, there was an unprecedented increase in the number of workers who missed work due to childcare concerns which has yet to stabilize back at pre-pandemic levels. Post-pandemic, workers value a flexible schedule with 41% of Americans in the labor market reporting they expect to work remotely at least one day a week over the next year. (Bankrate’s August 2021 Survey of Working Adults)

It’s a jobseeker’s market, especially in Arizona where employers continue to establish and expand business operations due to the region’s prime talent-pool.

What do these workforce trends mean for your business? How can the business community collaborate to reduce talent gaps and contribute to the preparation of the future workforce? And what are the impacts on our economy if we don’t adapt to evolving workforce trends?

Learn more on Thursday, February 3rd, at the Foundation’s State of the Workforce presentation event. Connect with other business leaders and learn about more key findings, opportunities, and solutions.

Posted by Annelise Patterson