U.S. employers added an astonishing 517,000 jobs in January, and the jobless rate fell to its lowest level since 1969. Some economists believe laid-off workers are quickly finding new jobs or are not immediately applying for unemployment.
Displaced digital talent remains in demand as organizations pursue a growing number of mission-critical transformation and operational change projects, as we reported in our new research study, which surveyed more than 400 senior executives across multiple industries and global regions.
RGP CEO Kate Duchene sees this as a redistribution of talent, with many organizations positioned to attract in-demand skilled talent they otherwise would not have access to. As she recently told Vox/Recode, “What drew everybody to Big Tech is because they got crazy with the perks, and it was so sexy. The downside is you’re laid off with an email at 3 am.”
Read on for more insights about what this ongoing volatility in the labor market means for business leaders and how companies are successfully overcoming the challenges.