Skilled labor shortage in Saxony-Anhalt: Concern for companies is growing, according to the Commerzbank study

Skilled labor shortage in Saxony-Anhalt: Concern for companies is growing, according to the Commerzbank study

According to a report by Welt.de, the shortage of skilled workers in Saxony-Anhalt is becoming increasingly noticeable. According to a study by Commerzbank, almost half of the companies surveyed consider the shortage of skilled workers to be their biggest concern. This is already having a far-reaching impact on businesses, with deliveries of products or services being delayed and the future of businesses threatened.

The shortage of skilled workers now affects all industries and leads to competition between companies for qualified employees. This will be further reinforced by the fact that many employees will be retiring in the coming years. This competition for skilled workers leads to a problematic situation from the company's perspective.

As a financial expert, it is important to analyze the economic impact of the skills shortage. Companies that cannot fulfill their deliveries on time risk losing customers and suffering a loss in sales. In addition, high costs can arise for recruiting and training new employees. This can lead to a deterioration in the financial performance of companies in the long term.

Competition for skilled workers can also lead to an increase in wages, as companies are willing to offer higher salaries to attract qualified employees. This could lead to rising labor costs for companies and have a negative impact on their profitability.

Overall, the Commerzbank study shows that the shortage of skilled workers in Saxony-Anhalt is a serious problem for companies and can have far-reaching economic effects. It is important that businesses and policymakers take action to address this issue to avoid long-term negative effects on the economy.