Identifying the core skills crisis
There are a number of areas where the talent shortage is already evident. Organizations report difficulty recruiting professionals who can transform raw data into actionable insights — a capability that’s critical for improving outcomes across the industry.
“We rely on data in this industry and continue to discover better ways to turn data into the types of information that will allow us to provide enhanced support to clients and injured workers. But we’re worried that some of this hard-learned knowledge will be lost if our most experienced individuals retire,” Lacey-Artis said. “So we are working hard to pass this knowledge along to younger employees and new hires, who also bring in new concepts and techniques.”
Another critical area involves regulatory expertise. With workers' compensation laws varying by state and constantly evolving, organizations need professionals who understand compliance requirements and can build the relationships necessary to navigate this complex landscape.
The shortage of leadership talent represents, perhaps, the most pressing challenge. With recent retirements, the pipeline of individuals prepared to step into senior roles to support the industry is fairly thin.
“I would say a critical challenge in our industry involves senior leaders. We’re losing a lot of them,” Lacey-Artis noted. "The pressing question is: What are we doing to reach, mentor and develop the next group of leaders to help us make the most important decisions in the future?”