The German labor market is facing a historic turning point. The figures from the German Economic Institute (IW) paint a clear picture: By 2030, 5 million skilled workers will be missing - a gap that will fundamentally change our economy and society.
2022 marked just the beginning: Over 300,000 more retirees than career starters. But the real peak is yet to come. In 2029, 1.4 million people from the baby boomer generation of 1964 will retire. This contrasts with only 736,000 potential career entrants.
The effects will impact everyone. Rising social security contributions will burden employees while companies struggle to maintain competitiveness. Pension benefits might also come under scrutiny.
Modern technologies like the visual assembly assistance system PG demonstrate how companies can address this challenge. These systems enable more efficient use of existing skilled workers and faster integration of new employees - including those from abroad.
Visual, language-independent worker guidance is revolutionizing the onboarding of new employees. Without lengthy training periods, they can become productive immediately - a crucial advantage in integrating foreign skilled workers.
Companies must act now to prepare for the impending shortage. Implementing digital assistance systems, optimizing processes, and developing strategies for international recruitment are no longer optional but essential steps for survival in tomorrow's market.
The message is clear: Those who adapt their processes and embrace innovative solutions today will be better positioned to face the challenges of tomorrow's labor market.