Economic uncertainties are forcing companies to adapt their workforce planning strategies. A recent study conducted by Instant Impact aimed to gather insights from HR professionals on their perspectives on the economy and how it may affect their hiring strategies and use of contingent workers.
The survey results showed that over half of the participants viewed the current economic landscape as challenging, which led them to anticipate only modest growth in their workforce in 2024. Moreover, two-thirds of those surveyed said they were influenced by economic predictions when making staffing decisions.
In order to navigate through these uncertain times, organizations are refining their workforce management practices. The full report provides valuable insights into how companies are proactively managing their workforce to remain competitive in the market. It was published on April 17, 2024. By staying informed about these practices, businesses can better prepare themselves for economic fluctuations and remain competitive in the long run.