Q1 2019

Global Talent Market Quarterly

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The outlook for the global economy in 2019 is decidedly cooler across most major economies, with overall growth projected to slow from 3.2% in 2018 to 2.9%, largely driven by trade tensions and political uncertainty. On the labor force side, although there are risks related to lower participation rates and diminishing productivity, markets remain tight with unemployment in general projected to stay the course.

Workers’ desire and willingness to relocate for their jobs depend on many things: personal and family obligations, political and economic conditions, demographics and life stages, and even technological advances. A new report finds that globally, workers’ attitudes about relocating have shifted somewhat since 2014.

As employers continue to look for more innovative, effective, and efficient ways to access and manage contingent talent, MSP models such as direct sourcing (in which recruiters leverage the employer´s brand to attract and manage contingent talent), as well as hybrid models that combine multiple sourcing models, are seeing strong growth.

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