{"id":498038,"date":"2023-06-22T00:09:46","date_gmt":"2023-06-21T23:09:46","guid":{"rendered":"https:\/\/welovesalt.com\/?p=498038"},"modified":"2023-08-25T12:36:28","modified_gmt":"2023-08-25T11:36:28","slug":"top-talent-market-shifts","status":"publish","type":"post","link":"https:\/\/welovesalt.com\/news\/job-market-insights\/top-talent-market-shifts\/","title":{"rendered":"Top talent is vital for navigating market shifts"},"content":{"rendered":"\n
Learning how to adapt to changing markets is crucial for any business looking to improve and stay relevant. With offices around the globe, we are at the front line when it comes to seeing and experiencing the evolution of the talent landscape. The tech industry, in particular, is facing challenges. We’ve witnessed significant layoffs and restructuring; a recent NerdWallet article stated<\/a> that, as of June 1st 2023, 726 companies have or will let go of employees in 2023.<\/p>\n\n\n\n From major layoffs at some of the biggest names through to smaller fintech start-ups and apps, companies\u2019 industry-wide are sharpening their focus on profitable growth after at least a decade during which growth was a key driver and profit was largely overlooked. While some may argue that focus has always been on \u201cthe profit journey\u201d, many business leaders argue this is not the case. Regardless, even with the spotlight back on profit, job opportunities have not been dampened. In fact, the need for top talent is firmly back at the top of businesses\u2019 agendas.<\/p>\n\n\n\n As an example, LinkedIn, a Microsoft-owned company with a workforce of 20,000, is reducing certain job roles while simultaneously creating 250 new positions in specific segments of its operations. TechCrunch recently reported<\/a> that the LinkedIn plans to establish new business and accounting management teams.<\/p>\n\n\n\n Successful companies know they can\u2019t cut their way to profitability and survive. While it might provide breathing space, it\u2019s not a long-term strategy. Don\u2019t get me wrong, regularly reviewing unnecessary costs and expenses across your business is a good habit to build \u2013 not only when the market presents challenges. That\u2019s another topic altogether. <\/p>\n\n\n\n So, returning to my main point, putting great talent back at the top. Recently, I have been talking to business leaders across the globe who are using this time to consider whether they have the best team in place. They might have all their seats full and may not be hiring for growth, but they want to ensure they have the skills and capabilities in place to take their business where it needs to go. <\/p>\n\n\n\n I have also recently enjoyed reading CEO Excellence: The Six Mindsets That Distinguish the Best Leaders from the Rest. In the book, there was a wonderful story shared by Piyush Gupta, the CEO of DBS since 2009, who reflected on lessons he learnt whilst at Citibank and the need to know: Who are your A, B and C players? How strong is your bench? And, if you want to take the next step in your career, who is ready to step into your shoes?<\/p>\n\n\n\n Piyush Gupta has played a pivotal role in modernising Singapore while also propelling DBS to a prominent position in global finance. At DBS, he motivates his staff by promoting continuous learning and acknowledging and rewarding creative risk-taking, instead of penalising it. The organisation has emphasised granting employees the autonomy to make mistakes<\/a>, which has enabled those who are not as tech-savvy to acquire new competencies and alleviate apprehension towards new technologies.<\/p>\n\n\n\n These conversations about workforce, talent strength, and skills need to be had by business leaders today. In a market that has changed, and continues to do so at pace, do you have a team who can respond and adapt? Do you have people who can shape and deliver the next part of your business\u2019s journey?<\/p>\n\n\n\n In summary, whenever there is change there is opportunity. Are you putting yourself and your business in the best shape to take advantage of a changing landscape?<\/p>\n\n\n\n If you\u2019re interested in hearing about how Salt’s top talent recruitment experts around the world can help with your hiring right now, get in touch. Click below to contact the closest Salt team to you!<\/p>\n\n\n\n Keep up with Salt’s top talent job market insights and hiring advice!<\/strong> You can keep in the loop by following us on. LinkedIn<\/a>, YouTube<\/a>, Facebook<\/a>, Instagram<\/a>, Twitter<\/a> and Spotify<\/a>.\u00a0<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":" Learning how to adapt to changing markets is crucial for any business looking to improve and stay relevant. Jacqui Barratt, CEO of Salt, shares key trends and how to make sustainable change.<\/p>\n","protected":false},"author":70,"featured_media":498105,"comment_status":"closed","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":[],"categories":[1],"tags":[8390,2018,8391,3326,8392],"acf":[],"_links":{"self":[{"href":"https:\/\/welovesalt.com\/wp-json\/wp\/v2\/posts\/498038"}],"collection":[{"href":"https:\/\/welovesalt.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/welovesalt.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/welovesalt.com\/wp-json\/wp\/v2\/users\/70"}],"replies":[{"embeddable":true,"href":"https:\/\/welovesalt.com\/wp-json\/wp\/v2\/comments?post=498038"}],"version-history":[{"count":11,"href":"https:\/\/welovesalt.com\/wp-json\/wp\/v2\/posts\/498038\/revisions"}],"predecessor-version":[{"id":523193,"href":"https:\/\/welovesalt.com\/wp-json\/wp\/v2\/posts\/498038\/revisions\/523193"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/welovesalt.com\/wp-json\/wp\/v2\/media\/498105"}],"wp:attachment":[{"href":"https:\/\/welovesalt.com\/wp-json\/wp\/v2\/media?parent=498038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/welovesalt.com\/wp-json\/wp\/v2\/categories?post=498038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/welovesalt.com\/wp-json\/wp\/v2\/tags?post=498038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Putting great talent and skills first<\/h2>\n\n\n\n
Three ways to ensure you have the best team in place<\/h2>\n\n\n\n
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Hiring? Salt connects you to outstanding top talent worldwide<\/h2>\n\n\n\n
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