Talent Outlook: Hiring Cautious in Today's Climate

View profile for Eileen Linnabery

Executive Coach and Leadership Advisor

I went to The Executives' Club of Chicago annual Talent Outlook at the University Club of Chicago last week. We heard from talent leaders in manufacturing, tech, economics, and investment banking. There were many interesting takeaways from the panel discussion and audience questions. A few things stuck with me: ⁃ Rick Sherwood noted that given today’s geopolitical climate, corporations are being cautious in their hiring and making fewer bold talent decisions. ⁃ Kory Kantenga, Ph.D. echoed that the job market is slow. Fewer jobs are being created, fewer companies are backfilling roles when employees leave, and as a result, fewer people are quitting. People don’t quit to stay at home. They quit for other jobs. If hiring is slow, it makes sense quitting would also slow. ⁃ Shelly Green and Amber Kennelly remind us that entry level jobs are not going away in the age of AI; they might just look a little different. As Amber said, AI can replace the grunt work tasks, but can’t replace the job entirely (yet). As a leadership practitioner, I have seen these dynamics in action. Anecdotally, we are hearing hiring teams holding a higher bar, taking fewer risks, leaving roles open longer, and bringing candidates for more interviews before making a hire. When red flags are uncovered in the final stages of an important hire and it’s back to the drawing board. But playing it safe in hiring can have a real impact on your long term business strategy and future capabilities. It may feel like the prudent decision today, but in reality, you’re just kicking problems down the road, and likely snowballing them while you’re at it. Are you making #criticalhires and questioning your #hiringeffectiveness? Vantage Leadership Consulting can help. We’re committed to helping you create a Talent Rich Workforce, where you know with certainty that you have the capabilities to achieve your company’s future vision. https://lnkd.in/gvq4Xj52

Eileen Linnabery

Executive Coach and Leadership Advisor

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Eileen Linnabery

Executive Coach and Leadership Advisor

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Eileen Linnabery

Executive Coach and Leadership Advisor

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