(3/12/2025)
The skilled trades workforce is in high demand, and that need is expected to continue growing in the coming years. Several critical skilled roles are vulnerable to increased churn, which could cost companies more than $5.3 billion every year in talent acquisition and training costs through 2032, according to McKinsey. And as the talent pool shrinks, the rate and range of industry demand increases. What was once healthcare-specific – hospitals poaching skilled laborers from one another – now ranges across multiple industries. Healthcare systems must compete with everyone from construction to manufacturing to power plants for the best talent.