It may seem like a sci-fi film out of the 1980s, but artificial intelligence, while science, is no longer fiction. In the past 12 months alone, we have witnessed both AI’s rapid acceleration and advancement as well as its adoption. Seemingly overnight, tools such as ChatGPT became the subject of public fascination — and apprehension. Generative […]
Organizations around the world are facing historic disruption that we haven’t seen in generations. With continuous shifts in the economic and employment outlook, the rapid rise of technological advancements, and other unprecedented factors that are helping to define today’s workplaces, it’s imperative that organizations grasp these trends and harness how they can use them to […]
What can we say about the current economic and employment outlook that doesn’t cause more confusion? Hiring is hot (but it’s cooling off). Unemployment is low (but it fluctuates depending on industry and demographics). High-profile layoffs abound (but the national layoff rate is near a historic low). The economy is headed for a soft landing […]
As February winds down, the economic and employment outlook for 2023 continues to give us whiplash. On one hand, you have the “stunningly strong” January jobs report, which showed an increase of 517,000 positions, crushing market estimates of 187,000 and December’s gain of 260,000. Meanwhile, unemployment rates continued to decrease from 3.6% to 3.4% — the […]
It has been an eventful 12 months for economic and employment trends — in the past year alone, we’ve covered everything from the state of the Great Resignation and the future of the workplace to quiet quitting and pay transparency. Business leaders have had a historic level of disruption to contend with while ensuring their organizations […]
It seems that suddenly pay transparency — the degree to which companies disclose the compensation for current and prospective job roles — is top of mind for many state and local governments as well as for major corporations. This movement continues the pandemic-era trend of attempting to correct many of the disparities of past working […]
As a veteran recruitment partner to organizations across a multitude of industries, including real estate, financial services, and professional services, 20/20 Foresight Executive Search closely watches the jobs reports compiled by the Bureau of Labor Statistics each month. Analyzing these economic and employment trends empowers our team to provide the best counsel possible to our […]
September feels like a great reset for many — the back-to-school energy continues to reverberate into adulthood, bringing with it a desire for a fresh start or a recommittal to our goals after the lazy days of summer. The 20/20 Foresight team is leaning into that electricity, embarking on a profusion of new executive search projects […]
The world of work is undergoing a historic transformation, and with it comes new phrases that attempt to define the moment. Think: the Great Resignation, the “Why I Quit” Era, and the like. A new term has emerged this year and recently took social media — as well as mainstream media — by storm: quiet […]
As the expression goes, “May you live in interesting times.” Mission accomplished. In today’s turbulent and rapidly shifting jobs market, one thing remains certain: Talent acquisition and retention is a company’s greatest asset. In fact, in a recent PwC poll, 77 percent of executives report that hiring and retaining talent is their company’s biggest driver […]
Today’s turbulent and rapidly shifting jobs market can raise some unprecedented challenges for CEOs and hiring managers. As talent management expert Josh Bersin recently noted, “We have entered one of the most confusing job markets in decades. While the unemployment rate continues to drop, companies are also worried about the slowdown. So they’re ‘hiring’ and […]
As we’ve by now grown accustomed to, the April jobs report is another mixed bag of good news and bad news. The positive? Payroll growth accelerated by 428,000 jobs, and the unemployment rate remained unchanged at 3.6 percent (or 5.9 million Americans). The modest surge in employment was more than anticipated by economists, and wages […]
The February jobs report showed signs of life for the U.S. employment outlook — a surprisingly strong 678,000 positions were added, with widespread growth across industries, led by the leisure and hospitality, healthcare and construction sectors. The unemployment rate also decreased to 3.8 percent, down from 4 percent in January. Clearly things are headed in […]
When we last took a look at the U.S. Bureau of Labor Statistics “Employment Situation” survey (a.k.a. the monthly jobs reports we hear so much about), it was last fall. Omicron was just another letter in the Greek alphabet, the Great Resignation was all the rage and people were debating if they could gather safely […]
As 2021 comes to a close and we all adjust to a “new normal” (which, we’re realizing, is a very fluid situation), it’s a worthwhile exercise to look back at the milestones that marked the year, both for our company and in our industries. But, we believe, it’s just as important to futurecast — to […]
Each month, the U.S. Bureau of Labor Statistics releases the “Employment Situation,” a rather jazzy title for the monthly jobs report detailing such data as the nation’s employment rate, number of job openings and those seeking work, increase in earnings and other fun workforce facts. The September 2021 jobs report hit the Internet earlier this […]
It’s on the minds of workers — not to mention commercial real estate owners and developers: Will workplaces make a post-pandemic comeback? It’s difficult to predict exactly what the future holds given the ongoing uncertainty of the global health crisis and the ensuing economic upheaval, but one thing is for certain: The workplace as we […]
Much has been made of the never-before-seen employment shakeups of the past 18 months. The Great Resignation. The Great Reshuffle. Yes, recruitment, talent development and employee retention have all experienced a major realignment during this most unpredictable time period. But that doesn’t mean hiring professionals won’t be able to re-establish steady ground. In fact, with […]
The much touted Hiring Surge of 2021 has been tempered due to the ongoing uncertainty of the global pandemic and the unpredictability of our workplace practices as we once knew them. However, while many professionals (rightfully) view this continuing upheaval as unsettling, others are identifying opportunities for meaningful change. As Andy Grove, the famed founder […]
It’s an understatement to say that 2020 has been unlike any other year, but one thing is for certain: We’ve all learned a lot over the last 12 months. It’s an interesting exercise to look back at the top 10 industry trends lists from the beginning of the year knowing what we know now, but […]