... was viewed by many economists as a “Goldilocks” scenario: a labor market that’s cooling yet showing modest growth. The U.S. economy added 175,000 jobs in April, the lowest total since October 2023.
Faced with a tight labor market and increased pressure to remain competitive, some companies are filling skills gaps by tapping into the. This talent pool is vast, spurred by new career paths that have been carved out by hybrid work and a redistribution of talent. A recent study conducted byfound that nearly half of all freelance professionals provided knowledge-based services such as computer programming, marketing, IT, and business consulting in 2023.
The role of today’s CHROs has already greatly evolved, as HR leaders are tasked with building complex talent ecosystems while ensuring connectivity and community among increasingly dispersed teams. Similarly, the responsibilities of today’s CFOs are vastly different, as these indispensable leaders provide insights that drive business strategy, spearhead technology investments, and continuously evaluate opportunities for operational efficiencies.
The onboarding process for external talent shouldn’t be limited to project roles and deliverables. It should cover a thorough understanding of corporate beliefs and behaviors so that all team members are attuned to the corporate culture they will be operating in over a period of months or longer.