A new year is upon us. As we look in the rearview mirror, the road has been a long and winding one. Navigating the many challenges associated with a global pandemic, the highest inflation in four decades, and recession fears growing stronger each day–conversations surrounding the labor market are still dominating headlines.
With the latest BLS jobs report showing signs of a labor market still in flux, 2023 brings a tougher outlook. Four million people are still quitting their jobs each month—quit rates aren’t showing signs of slowing, turnover is still sky-high, and absenteeism is a multi-billion dollar problem.
With that, Gartner says organizations will face historic challenges this year: a competitive talent landscape, an exhausted workforce, and pressure to control costs. However, overcoming these challenges will take bigger ideas and bolder moves. Queue the gig economy.