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COVID-19 Hits Business Community, But Workforce Shortage Still a Concern

July 16, 2020 by Tracy Johnson

In case you missed the latest report on Wisconsin Businesses sentiment, check out the latest from the Wisconsin Manufacturers & Commerce.  Three-quarters of Wisconsin companies said COVID-19 and the state’s safer at home order had a negative financial impact on their business in a recent survey conducted by Wisconsin Manufacturers & Commerce (WMC) – the combined state chamber and manufacturers’ association.

According to the survey of nearly 150 employers, the top public policy issue facing Wisconsin is the regulatory environment related to COVID-19. This is the first survey in more than five years where the workforce shortage was not the number one issue. However, even with high unemployment, the workforce shortage still ranked second.

The WMC survey found:

■ 38% of respondents said COVID-19 regulations were the top public policy concern facing Wisconsin, followed by the labor shortage (16%) and high taxes (9%);

■ 27% of respondents said the national economy is the top business concern facing their company, followed by COVID-19 (20%) and labor availability (19%);

■ 31% of businesses plan to increase their number of employees in the next six months, while 20% plan to decrease and 45% will see no change

Read the full report HERE.

Filed Under: News, Advocacy

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