1 MIN WATCH
Published 03/04/2022
The historic labor shortage is straining businesses today.
- For 57% of contractors, short staffing is a top safety challenge.
- Over 524K healthcare workers left their jobs since 2020.
- 826K manufacturing jobs were unfilled as of June.
When shorthanded, overstrained employees can:
- Get hurt more easily,
- Make mistakes, causing liability risks.
- Get in more auto accidents.
- Damage property and equipment.
To offset labor shortage risks, businesses can:
- Offer better pay and benefits
- Leverage automation and technology
- Broaden their hiring pool
- Emphasize safety and training
- Re-evaluate risk management programs
Tackling the labor shortage takes talent. We can help.
The labor shortage is raising questions.
Today’s historic labor shortage means more than just a lag in hiring. Having overstrained, absent, or untrained workers carries insurance risks, from increased injuries and professional and product liabilities, to more auto accidents and damaged equipment.
Tackling the labor shortage takes talent — we can help.
Get answersRelated insights
This website is general in nature, and is provided as a courtesy to you. Information is accurate to the best of Liberty Mutual’s knowledge, but companies and individuals should not rely on it to prevent and mitigate all risks as an explanation of coverage or benefits under an insurance policy. Consult your professional advisor regarding your particular facts and circumstance. By citing external authorities or linking to other websites, Liberty Mutual is not endorsing them.
