McKinsey Talks Talent
Talent in a changing market: What now?
Dec 8, 2022
Talent experts Bonnie Dowling, Bryan Hancock, and Bill Schaninger discuss the importance of flexibility in the volatile talent landscape. They explore shifts in job preferences, workforce motivations, and the concept of 'quiet quitting'. The impact of wages on retention and the job market disparity is also analyzed, highlighting the challenges faced by companies in attracting and retaining talent.
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Quick takeaways
- Flexibility in job roles is vital for navigating the volatile talent market.
- Industries must revamp job roles to attract younger generations and address workforce shortages.
Deep dives
Changing Workforce Preferences Impacting Job Market Dynamics
The job market is experiencing significant shifts as employees seek more flexibility and meaningful engagement. With high quit rates persisting post-pandemic, the relationship between employees and employers has fundamentally changed. This transformation is driven by increased job mobility, reduced social cohesion at work, and a shift in career aspirations among the workforce.
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