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Startup LaborWorx Raises Investment to Launch Solution for Skilled Worker Shortage


Today, most companies would probably tell you that their number one headache is hiring, training and retention of qualified personnel. The COVID-19 pandemic upended the labor force in a way not seen since World War 2, leading to many workers fleeing in-person jobs for safer alternatives. The labor market still hasn’t recovered, and companies are finding they need to change they way they hire in order to fill positions.

The shortages of qualified workers have been particularly acute in the construction and manufacturing sectors. According to Deloitte and The Manufacturing Institute, the U.S. could see 2.1 million unfilled manufacturing jobs by 2030. The cost of those missing jobs could total $1 trillion in 2030 alone.

Luckily, there are many technology solutions that can make the process easier. One of these companies, LaborWorx, a tech-enabled staffing startup that helps construction and manufacturing companies connect with on-demand workers, has raised $4.2 million to continue its mission of solving the skilled worker shortage. To combat the growing problem, LaborWorx has developed a new skilled worker marketplace that intuitively connects understaffed companies with certified professionals in a safe, efficient, and cost effective manner. With the new funding, LaborWorx plans to increase its existing team in Georgia, expand its presence in the Carolinas and Texas, boost its client acquisition efforts, and introduce a mobile application this summer.

"The solution is designed to populate the best individuals for the job based on skill, location, rate, and availability," said Guy Caldwell, Co-Founder and VP of Product. "From specialized roles to high-volume contingency teams, the platform is able to flex up and down with even the largest manufacturers," he added.

LaborWorx notes that it prides itself on being one of the first labor marketplaces built for skilled workers by skilled workers. CEO, Aaron Phillips, is a serial entrepreneur in the Industrial Construction space and used his 15+ years of trades experience to build a workforce solution that could solve his industry's biggest challenge.

Edited by Greg Tavarez
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