The Impact Of Labor Shortages In The Restoration Industry

The last year has been difficult for everyone. It seems that no corner of the globe has been untouched by the effects of the COVID-19 pandemic. That being said, some industries have suffered far more than others.

As businesses have been forced to close, employees have been laid off, and schools were shut down, industries all over were forced to adapt their processes. The ensuing struggle of the business world resulted in labor shortages as everything began to open back up. As each industry has begun to analyze their current standing and how to move forward, it’s worth noting the impact of labor shortages in the restoration industry. Here’s what you need to know.

How COVID-19 Has Impacted The Restoration Industry

Regardless of the industry, every business has been impacted by COVID-19 in at least some way. Even businesses that have been able to remain fully open throughout the pandemic were limited as they could no longer hold conferences, gatherings, flights, or other business-related transportation due to limitations.

As more and more of what was once taken for granted has been shut down, there has been a ripple effect seen throughout the business world, including the restoration industry.

The Impact Of The Financial Recession On The Restoration Industry

While everyone has been impacted in some part by the COVID-19 pandemic, not every business has been exempt from the financial recession that followed. Not every business has been impacted to the same extent, and some industries have even thrived financially, including health, IT, cleaning, and restoration.

Some services will always be needed, no matter the state of things, and restoration is one of those services. Despite the effects of COVID-19, people have still suffered from fire damage, flooding, mold toxins, and other issues. This has helped to perpetuate the demand (and therefore the revenue) of the restoration industry.

The Impact Of Labor Shortages In The Restoration Industry

As the world begins to open back up, the lasting effects of COVID have become increasingly apparent. Due to the mass layoffs at the beginning of the pandemic, as well as the financial issues that followed, companies are now having a difficult time meeting demand due to labor shortages.

However, due to the emergent nature of restoration work, the impact has been somewhat minimized as the industry has continued its services throughout the last year.

What is the Mission of RAF?

RAF’s purpose is to protect the rights and make the voices of honest, hard-working, independent contractors heard. We advocate for professionals in the mold, fire, water, and wind damage industry. If you are interested in becoming a member of RAF or have any further questions, call us today.

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