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Showing posts from February, 2023

Job hopping will slow as employees seek stability.

 Job hopping will slow as employees seek stability.   I may not have a crystal ball, but there are some key workforce trends I believe will crystallize in 2023. The businesses that are ahead of these trends will be better placed to access the STEM talent they need next year and beyond. The Great Resignation. Job hopping. The Big Quit. Whatever you call it, the post-pandemic period saw large numbers of workers pursuing new opportunities. Candidate scarcity, combined with a booming global market and an increased focus on meaningful work, fueled a revolving door of talent. However, economic uncertainty looks set to pump the brakes on a fast-moving candidate market. Olu Sonola, head of U.S. Regional Economics at Fitch Ratings, predicts rising unemployment, pointing to factors like high inflation and the country heading toward a recession. It's anticipated that the unemployment rate will reach 4.7% by the end of 2023, then peak at 5.3% in 2024. So increasing unemployment numbers co...

How the Chiefs Planned Very Early in Patrick Mahomes’s Career to Build Around Him

  How the Chiefs Planned Very Early in Patrick Mahomes’s Career to Build Around Him From the unique structure of their QB’s contract to the reasons they traded Tyreek Hill to the Dolphins instead of the Jets, this is how Kansas City prepared years in advance to build this team. It was July 2017, and, after the surprise summer firing of John Dorsey, new Chiefs GM Brett Veach was holding one of his first meetings, scrambling to adjust to the job after a wild month. This one was focused specifically on defining Kansas City’s principles. What are our principles? What are we going to be doing for the next year? What are we mapping out in terms of long-term planning? How are we going to do this? Veach’s director of football administration, Brandt Tilis, raised his hand. “Look, we just drafted a quarterback in the first round,” the lead negotiator said. “So we need to start thinking about his next contract—like right now—and start planning for him to be great.”