N E W S  &  I N S I G H T S

The Now of Work

July 2023

Hello!

If the economy is hot enough to add new jobs for the 30th month in a row — and keep the Fed sweating under an inflationary* heat dome — why are so many people you know unemployed, underemployed or having a hard time finding their next adventure?

It might have something to do with where most of the 209,000 new jobs were added last month (that is, not in Big Tech, which is still battling its post-pandemic paunch). As Reuters reported, the biggest gains were in government, healthcare, construction, and leisure and hospitality. 

Hiring and layoffs aren’t the only things driving disruption in the workplace. The World Economic Forum expects nearly 25% of jobs to be disrupted in the next five years. 

Read on to learn why and see what else is new in this month’s edition of The Now of Work:

• Job hopping doesn’t pay what it used to
• Job creep reroutes path to CFO seat
• New skills needed for the AI-driven future
• Digital transformation trends in healthcare

* Yesterday’s CPI report showed a cooling trend there, too.

What's New?

Nearly 25% of Jobs Set to Be Disrupted: World Economic Forum

A recent study from the World Economic Forum found that nearly 25% of jobs will be disrupted over the next five years, with 83 million roles estimated to disappear and 69 million new roles emerging. 

Job-Hopping Doesn't Pay What It Used To

Recent studies have found that more employees are staying put and salary increases are also starting to level off. Our CEO Kate Duchene sat down with CBS News last month to offer her perspective on these trends.

What's Next?

Job Creep Reroutes Path to CFO Seat

The rapidly expanding responsibilities of today's CFO are prompting changes in the skill sets and experience needed for the position, according to new research published in CFO Dive. 

Soft Skills Could Give Execs an Edge in an AI-Driven Future

Numerous studies have illustrated the importance of displaying emotional intelligence in the workplace, yet many execs still struggle with the softer side of leadership. RGP’s Katy Conway recently spoke with HR Brew about how automation and innovation are increasing the value of soft skills and empathy.

Build a Strong Learning Culture on Your Team

With the nature of work changing so rapidly, it’s no longer enough just to offer upskilling and reskilling opportunties. Harvard Business Review reports that companies also need to help their employees become “expert learners.”

What Now?

Digital Transformation Trends for Payers and Providers [webinar]

There’s increasing consensus that healthcare organizations that adopt digital strategies will be more prepared for the future. Learn what’s trending and how healthcare companies can succeed with a digital-first strategy.

Key Controls for Cybersecurity Risk Management [webinar]

As technology has become more advanced, hackers and cyberattacks have grown in sophistication and scope. Get smart on cybersecurity trends for healthcare in 2023 and beyond — and learn how to mitigate the risks.

U P C O M I N G   E V E N T:

Is Your Organization Prepared to Secure Payment Data with PCI 4.0?

The PCI DSS (Payment Card Industry Data Security Standard) is a set of security standards designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment. Learn what new requirements will mean for merchants and service providers as RGP PCI experts discuss the evolution of the standard, broader scope, and updated requirements as well as a simplified approach to compliance. 

1 CPE credit is available.

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