In this Capitol Report:
Mark Your Calendar - Legislative Candidate Interviews Begin July 6th
Location: Colorado Chamber of Commerce
Address: 1600 Broadway, Suite 1000
The Colorado Chamber’s candidate interview and endorsement process involves a powerful network of Colorado’s politically active companies, trade associations and local chambers of commerce that back candidates who support business.
Participation in the candidate interview process includes the following:
- Opportunity to interview candidates and assess each candidate on policy positions & background;
- Receipt of a customized booklet of comprehensive research on each candidate’s background, positions on policy issues; fundraising status; and district demographic information;
- Receive frequent updates on candidates through their campaign marketing platform such as social media, direct messaging etc. Learn more from the political campaign text message FAQ.
- Opportunity to educate candidates on industry related issues;
- Participation in final endorsement decisions;
- Opportunity to network and join coalition of business leaders.
Contribute $625 to the Colorado Chamber Political Action Committee (CCPAC) to participate in the candidate interview and endorsement process
An Analysis of the Labor Shortages & How Employers Can Adapt
Labor shortages and high inflation still dominate the news and are a top concern of businesses in Colorado and nationwide. The global pandemic has had an undeniable impact on the global economy, but there’s more to the labor shortage than meets the eye.
The Colorado Chamber recently held the “State of the State” event in Basalt, Colorado in partnership with local chambers of commerce in the Roaring Fork Valley. As part of the event, Jessica Valand with the Colorado Department of Labor and Employment (CDLE) provided an analysis on workforce trend data at the local, state and national levels. We are currently entering a “sansdemic,” she said, meaning there are not enough people for the amount of work that needs to be done.
In recent years we have seen a double decline in birth rates and labor force participation rates at the national scale, which is predicted to lead to an expected 6 million worker deficit by 2028. On top of the U.S. experiencing the lowest birth rates in the nation’s history, in the past five years, the baby boomer generation has started to reach retirement age.
Once the pandemic hit the United States, we saw an increase in early retirements as many baby boomers chose to retire a few years early – for reasons ranging from health concerns to rising asset values that made early retirement possible. The COVID-19 pandemic resulted in 2.4 million excess retirements nationwide as of August 2021 and the number continues to climb.
Based on CDLE’s insights, it seems that the pandemic is not necessarily the culprit of the rising labor shortages – it is an accelerant.
Retirement and slowing birth rates are not the only factors influencing the labor force as we see a mass exodus of workers. While 2 million women dropped out of the labor force during the pandemic, the main concern is that male prime-age labor force participation is steadily declining. The 2008 housing crisis pushed many male workers from manufacturing and construction jobs into part-time service sector work because it was the only work available and many have not returned to full-time work. Adding to the labor shortages, immigration policies and visa restrictions from both policy changes and pandemic travel restrictions have led to an 88% decline in visa workers nationally.
The cluster of factors that have impacted the labor market has created a super-storm for Colorado. The state has seen a steady increase in the gap between total job openings and total hires since January 2012. There has also been an increase in the amount of people quitting their jobs, stating reasons such as low pay, no opportunities for advancement, and lack of flexibility.
With this only being the beginning of the “sansdemic,” how can employers weather the storm and find workers in such a tough market? Valand with CDLE recommends employers have excellent applicant communication and know that job quality matters. By incorporating work-based learning and emphasizing career advancement, employers can see higher retention rates for their employees. Valand also explains that company reputation and culture are not ‘nice-to-haves’ anymore – rather they are a necessity.
Labor & Employment Council to Submit Comments on Draft FAMLI Regulations
Last week, the CO Department of Labor & Employment, Division of Family & Medical Leave, shared an early draft of proposed regulations regarding Benefits and Employer Participation for the FAMLI Program. We shared this draft with this Council and our full membership, and since that time have received terrific feedback from Chamber members including Brooke Colaizzi at the law firm of Sherman and Howard as well as Jennifer Harpole & David Gartenberg at Littler law firm.
We have included here for the Council’s review the CO Chamber’s comments and redlined changes to the draft regulations. Please contact Larry Hudson at [email protected] by 6/30/22 if you have additional comments which we plan to submit to the Division for consideration.
CDPHE Releases Draft Environmental Justice Action Task Force Recommendations
Please be advised that the Colorado Department of Public Health & Environment, Environmental Justice Action Task Force has released its recommendations which are attached for your review. As a reminder, this Task Force was created through the passage of the Environmental Justice Act (HB21-1266) during the 2021 Legislative Session.
The deadline for responses to the Task Force recommendations is July 25th and the Colorado Chamber staff will prepare comments on behalf of the E&E Council that it will submit to CDPHE based on the feedback received. CDPHE staff has requested that the comments include the following details:
- To identify which specific recommendation is concerning or needs modifications;
- To provide a support or oppose position on the recommendation;
- To consider how the recommendation will be implemented;
- To identify what entity should implement the recommendation, i.e., a State agency or the CO General Assembly.