Talent Report 2024

County Population Projections Percent Change 2020-2050

Percent Change

Mason -6%

Lake -7%

-9%

0%

9%

Oceana -9%

Mecosta -6%

Talent experts largely agree these factors will lead to a national labor pool that is substantially smaller than in recent history.

Newaygo 4%

3%

Meanwhile, birth rates in the U.S. are also declining.

Montcalm 4%

Muskegon -1%

2% 1% decline in general fertility rate from 2022 to 2023 annually since 2014, except for 2020 when they rose

Kent 8%

Ottawa 9%

Ionia 9%

Birth rates have fallen by

Source: Centers for Disease Control and Prevention

Allegan 8%

Projections show various levels of population change for communities in and around Greater Grand Rapids.

These dynamics will make it essential for companies to revisit their talent retention strategy.

Source: University of Michigan Research Seminar in Quantitative Economics (RSQE)

TALENT RETENTION | 7

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