N E W S  &  I N S I G H T S

The Now of Work

April 2023

Hello!

Monthly job creation ticked ever-so-slightly lower last month, sliding just under market expectations, as employers added 236,000 jobs — the lowest monthly gain since December 2020. It’s a sign that the Fed’s efforts to cool inflation are taking hold and further evidence that organizations are realigning their workforce strategies as remote and hybrid work has forever changed the rules, timing, place and pace of work.

As RGP CEO Kate Duchene told investors on our earnings call last week, “We’re seeing the rise of the portfolio-based professional with talent betting on themselves rather than being tied to one organization or job title.” 

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. The recent rise in layoffs will only continue to reinforce this trend, as traditional employment models no longer equate to greater security.

Our own research backs this up  — outside talent is expected to comprise 48% of project teams by 2024 — and highlights both the challenges and opportunities that organizations face in executing mission-critical projects.
 

Read on for more news and insights for the Now of Work ...

What's New?

A Proactive Risk Culture Is Mission-Critical for Financial Services Firms

Recent liquidity challenges in the financial services industry underscore the imperative to establish a proactive risk culture, where senior leadership demonstrates the philosophies, actions and behaviors they expect of all employees.

Workforce Strategies Shift Amid Disruption in Financial Services

Financial services organizations are staffing a growing number of critical projects amid a tight labor market and frequently changing in-demand skill sets. This is creating a greater need for surge staffing that will continue to accelerate.

Forbes Best Management Consulting Firms for 2023

RGP has been recognized by Forbes for the third time in a row as one of America’s Best Management Consulting Firms. CEO Kate Duchene says, “The increase of mission-critical project work alongside a tight labor market has placed employers at a crossroads for filling talent gaps. Our model is perfectly positioned for today’s changing workforce.”

What's Next?

How to Hire for Skills When the Skills Keep Changing

A recent survey found that 70% of millennial and Gen Z workers feel unprepared for the future of work and more than half fear their skills have gone stale. Learn more about the importance of re-skilling employees early and often in TIME.

How to Make Hybrid Work for Women

The latest Gallup research shows that women gravitate toward and embrace hybrid work arrangements more than men. The research also shows that women are starting to lose ground in relationship-building and network, making it important for leaders to encourage the women they lead to be intentional in these areas.

What Now?

Optimize the Third Line & Uncover Hidden Value

By widening the aperture for how you assess Internal Audit quality, you can expand IA’s value proposition in the eyes of your audit committee. Learn how chief audit executives can provide greater assurance with a multi-dimensional approach to IA evaluation.

Overcoming the Execution Challenges of Mission-Critical Projects

The volume of critical enterprise transformation initiatives has surged since 2020. Yet, it’s become dramatically more challenging to successfully execute those projects. Download the report to learn what project execution leaders are doing differently—and how your organization can join their ranks.

U P C O M I N G   E V E N T:

Elevate Your Supply Chain Resilience With Scenario Planning

To better prepare for the next generation of supply chain management, organizations are adopting industry-leading inventory and network optimization tools to establish sophisticated and mature supply chain digital ecosystems.

Join Robert Olszak, MBA, RGP's VP, Global Supply Chain Optimization, as he discusses enhancing a logistics network to be more responsive to external supply chain disruptions, dominant trends in optimizing supply chain performance and the value drivers most significantly influencing supply chain network design strategies.

View All Events »

Join us in the Now of Work.
We'd love to hear from you!

Just as diversified perspectives make an organization stronger, voices from our clients, partners and you make our community stronger. See how we can help, find your next gig, or share your insights about what’s happening in the world of work.