Inflation and Labour Market 2022
Inflation Hits 40-Year High in Canada, Resulting in Higher Wage Demands by Frontline Service Personnel
A study on inflation and tight labour markets in the property management industry.
In light of recent news about its extent and effects, there is an alarming trend where inflation, in combination with tight labour markets, is compounding the rising wages in the frontline service workforce.
This is particularly concerning as building maintenance services are mostly performed by frontline service personnel. In order to stay ahead of this trend, it is important to be proactive in your approach to managing building maintenance services.
By being proactive, you can develop strategies that will help to mitigate the effects of inflation on your budget. In addition, by keeping abreast of the latest trends in the industry, you can be prepared for any new challenges that may arise.