August 4, 2023, Cleveland, OH — AMS, the global talent solutions business responds to latest US Bureau of Labor Market statistics. In July, the US economy added 187,000 new jobs against the forecasted growth of 200,000 jobs as interest rates and talent competition both continue to rise, putting pressure on organizations and business models.
Commenting on the latest statistics Nicky Hancock, Managing Director, Americas Region at AMS said: “While the current workforce climate continues to be in a state of change, roles are still challenging to find in the healthcare, pharmaceutical, retail and med-tech space. We are seeing organizations actively preparing for what’s next in their hiring planning. There is a focus right now on research, preparation and how technology will fit into strategies.”
“Many industries are looking to internal mobility – both strategically and operationally - as an answer to maintaining skills and driving productivity. There is an advantage to lean on individuals who already know your business and are eager to expand their skillset and grow within the organization.”
“Another key aspect in workforce planning is the topic of skills-based hiring. While we still see a softening in the market, organizations are becoming savvier about their talent management to stay ahead of the competition. Those organizations exploring upskilling and reskilling will find value in an outside perspective so that they’re ready when the upturn in hiring comes.”