DeKalb GA News

The Georgia Chamber's recently released its latest quarterly economic report which focuses on workforce challenges amid the pandemic, emphasizing the critical issue of talent retention for economic stability in the state. The report, highlighted by the name "War for Talent," gives the Chamber's findings on the impact of the pandemic-induced "Great Resignation" on Georgia's workforce.

In a recent public statement, a key official from Georgia Chamber Foundation shed light on their objectives behind these reports. According to a press release by the Georgia Chamber Foundation, Daniela Perry, Vice President of the Georgia Chamber Foundation, stated: "The Georgia Chamber Foundation’s Quarterly Economic Reports provide data and information that allow business and community leaders to make strategic decisions and better utilize investments to make a difference in communities across the state. As companies across the nation face unprecedented workforce shortages, Georgia is leading the way in developing innovative solutions to bolster our workforce, increase competitiveness, and ensure the economic prosperity of our state."

Further illuminating their work in this area, they elaborated on details found in their most recent quarterly report. According to a press release by the Georgia Chamber Foundation, the Fourth Quarter Report by the Georgia Chamber offers detailed statistics on Georgia's talent pipeline and regional analyses. The chamber hopes to empower leaders and businesses to identify workforce shortage solutions for long-term economic resilience and new opportunities in the state.

Interesting insights were drawn from this data analysis as evident from their 'War for Talent' report. According to the "War for Talent" report by the Chamber, analysis indicates a 58% workforce shortage among surveyed business and economic leaders.

With an eye towards future projections regarding job growth and talent needs within Georgia, they unearthed several crucial findings. According to the "War for Talent" report by the Chamber, Georgia anticipates a 46% job growth by 2050, emphasizing the need for talent development. Challenges like potential skills mismatches and engaging diverse groups must be addressed. To prepare, investing in education and digital skills is vital for future job demands, emphasizing adaptability in a changing market and engaging a diverse talent base across generations.

The report also identifies specific areas of focus within their 'War for Talent' strategy. According to the "War for Talent" report by the Chamber, the Georgia Chamber highlights three key areas in the War for Talent: first, addressing low labor force participation, aiming to motivate non-engaged adults amid numerous job openings. Second, tackling the lack of career training for 40% of high schoolers to better prepare them for future opportunities. Lastly, the Chamber emphasizes the imminent impact of retiring Baby Boomers and the evolving role of technology, stressing the need for future workforce adaptability in a changing job landscape.

The Georgia Chamber has a rich history that spans over one hundred years of supporting businesses within its jurisdiction. According to a press release by the Georgia Chamber Foundation, the Georgia Chamber of Commerce has been in operation for more than a century, providing support to state's businesses, communities, and citizens.