TD Magazine Article
Member Benefit
During economic uncertainty, talent retention remains critical.
Wed Mar 01 2023
The future is uncertain right now. In late 2022, Forrester released its Predictions 2023: Future Of Work report, which explains that, given the challenging economy, numerous companies will be reactive. For example, many companies, fearing a potential recession or at least continued high costs, are curtailing hiring, and some are laying off staff. PwC, in its 2022 Pulse Survey, indicates that less than half of companies are hiring in specific strategic areas to drive growth of their business, while 42 percent said they plan to cut costs but not head count. About one-fifth plan to reduce their full-time workforce.
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