Is There a Worker Shortage? Or Do You Have a Retention Issue?

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Today, the phrase “worker shortage” gets bandied about with great frequency. If you can’t find people to fill open positions, there’s a worker shortage, right?

Not necessarily.

Although talent acquisition professionals and others responsible for hiring often use the term in this way, the misuse can be misleading. It’s important to ascertain whether there is truly a shortage of workers for a particular job function or if the issue is employee retention.

There is a big difference, and this difference has been articulated so well by the Owner-Operator Independent Drivers Association (OOIDA), the largest trade association representing the views of small-business truckers and professional truck drivers, that it compelled us to share what the association has to say on the subject.

For decades, there has been talk of a truck driver shortage. OOIDA says this isn’t true, indicating that more than 400,000 new commercial driver’s licenses are issued every year. The association also cites analysis conducted by the U.S. Bureau of Labor Statistics (BLS) that finds, when it comes to truck drivers, overall supply has been responding to growing overall demand.

Instead, OOIDA says the issue is retention. BLS analysis backs up this claim.

OOIDA Executive Vice President Lewie

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