Tag: Employment Trends

How AI Is Forever Changing the Future of Work 

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 […]

The Top 5 Trends Transforming Organizations Today 

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 the Q1 Jobs Reports Mean for the 2023 Employment Outlook 

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 […]

Making Sense of the Monumental January 2023 Jobs Report

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 […]

Employment Trends: What the Past Year Has Taught Us and What 2023 Has in Store

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 […]

The Growing Movement Towards Pay Transparency and What it Means for Your Organization

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 […]

A Look at the Q3 Jobs Reports and What Q4 Has in Store for You and Your Team

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 […]

20/20 Foresight’s Current and Completed Searches – September 2022

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 […]

What Employers Can Do to Address “Quiet Quitting”

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 […]

20/20 Foresight’s Current and Completed Searches – August 2022

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 […]

Top Tips for Deepening Your Talent Pool

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 […]

Breaking Down the Good and the Bad in the April Jobs Report

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 […]

What’s Still Driving the Great Resignation — And What Do Employers Need to Know Now?

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 […]

New Year, Same Jobs Situation? A Revived Outlook for 2022

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 […]

The State of Executive Search: The Year That Was and What’s Ahead

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 […]

Making Sense of the Recent Employment Reports

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 […]

How the Rise of Remote Work Is Impacting Commercial Real Estate

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 […]

What Hiring Professionals Can Learn from the Great Resignation of 2021

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 […]

How Remote Work Is Creating More Engaged Employees and Equitable Workplaces

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 […]

A Fresh Start: The 2021 Outlook for the Executive Search Industry

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 […]