Employers added a better-than-expected 253,000 jobs in April, according to the latest jobs report, with strong gains in professional and business services. But downward revisions of gains from March and February signal a more significant hiring slow-down since the beginning of the year.
The reality is that remote and hybrid work has forever changed the rules, timing, place and pace of work, causing many organizations to realign their workforce strategies. Industry group Staffing Industry Analysts expects the use of contingent workers in workforce composition to increase from 21% today to nearly 30% over the next 10 years.
Our own research supports this trend, as we found that outside talent makes up 45% of critical project teams today and is expected to grow to 48% by 2024. The impact is especially significant in the healthcare services industry, which continues to feel the pain of acute staffing shortages.
Read on for more news and insights for the Now of Work ...
What's New?
The Systemic Impact of Healthcare Staffing Shortages
Healthcare organizations are increasingly turning to outside talent for critical project needs in the face of ongoing staffing shortages. The percentage of outside talent making up critical project teams in healthcare services is 42% today and expected to reach 48% by 2024. Learn how healthcare organizations are addressing today’s mission-critical projects in our latest research.
From Remote Work to Digital Transformation, Staffing Industry in the Midst of Intense Changes
The use of contingent workers in workforce composition is expected to increase from 21% today to 28% over the next 10 years, according to Staffing Industry Analysts. Learn how ongoing shifts in the workforce are causing more organizations to turn to contingent workers.
Tech layoffs: Yes, there's a better way to fire people. Is Big Tech doing it? No way.
Big Tech has already laid off more than 150,000 workers in 2023 — and the way companies are doing it may hurt them in the long run. Leaders who don’t prioritize empathy and emotional intelligence are putting their organizations at risk, RGP's Chief People Officer Katy Conway recently told Yahoo Finance.
Hybrid work is here to stay. Here are 7 ways to manage your workforce
Hybrid work may be the new norm, but there’s nothing standard about its implementation — yet. In a panel discussion at MIT Sloan’s Thinker-Fest 2023, experts advised managers to think creatively and futuristically to fully reap the benefits of a hybrid workforce rather than just tolerate it.
Over half of accountants say they are not sure they will be with their current employer by this time next year, according to a survey published in CFO Dive. The findings underscore the importance of prioritizing upskilling to ensure employees have the skills and knowledge they need to continue to grow and learn.
The Most Successful Approaches to Leading Organizational Change
Leaders who are launching large-scale organizational change initiatives should focus on the “how” of the change, rather than placing too much emphasis on the “what,” according to Harvard Business Review.
Tuning a High-Performance Engine to Drive Project Success
Learn how you can avoid the risk of failed projects and dramatically improve business outcomes with our integrated, holistic framework for driving project success at the portfolio, program and project level.
Is Your Organization Prepared to Secure Payment Data with PCI 4.0?
Every day, consumers rely on companies to establish security policies and procedures when making purchases using credit card information. The PCI DSS (Payment Card Industry Data Security Standard) is designed to ensure a secure environment for card payments.Join PCI experts from RGP to discuss new requirements set forth in PCI DSS 4.0 as well as the evolution of the standard and a simplified approach to compliance.
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