It’s no understatement to say the past few years have been challenging from a workforce management perspective. COVID-19 presented companies with an unprecedented situation, which gave rise to the Great Resignation and quiet quitting. And just as the pandemic is finally in the rearview, political and economic uncertainty have many worried about a potential recession and widespread layoffs.
While there have been examples of the latter in the tech sector, overall the country’s jobless rate is near the lowest level in more than half a century. The coming months will determine whether the labor market will slow, but in the meantime, companies must find a way to deal with the productivity gaps introduced by these recent challenges.