Labor & Recruiting - 4th Qtr into 2024 - Indiana perspectives
Every October for the past few years, I have attended a presentation by a PhD Economist who discusses the global, national, and local economic outlook. He’s a partner in ITR Economics, a national team of economic analysts. I’ve seen his presentations for several years in a row now and seen how relevant they are. A major part of his presentation includes the labor market. He summarized the labor and recruiting outlook this way: •Disinflation on wages late in 2023 and in 2024 (rising salaries will level off) •Tight labor market for years (no solutions for systemic labor problems) •It is all about the culture (attracting next generation talent requires “caving in” to them) Because Career Solutions Group’s business is “Indiana centric” but also works nationally, I wanted to gather some additional perspective from very experienced corporate recruiters to gather their input on Indiana’s labor and recruiting. All are based in Indianapolis and include: • Director of Recr