Introduction

Most of the developed countries across the globe, including Australia, Canada, the UK and the US, will likely escape a recession in 2023 thanks to reduced energy and gas prices, an ongoing tight labor market and a resilient global environment.

Emerging Asian economies – India, Indonesia, Philippines, Thailand and Vietnam – have all experienced growth this year and are forecasted to have higher GDP output than the advanced economies over the next two years. This steady progress from emerging markets has been a major contributor to the resilience that has prevented a global recession.

In this report, we deep-dive into two topics at a tipping point.

We explore generative artificial intelligence (AI) and its potential for talent acquisition and optimization while weighing the risks that organizations need to consider when leveraging this powerful technology.
As the workforce participation rate for women reaches new heights, female employment bounces back to pre-pandemic levels and women continue to outnumber men in universities, we explore the state of women in the labor force across the globe and the challenges they face in the workplace.

And, in a new section, “Intelligent Insights,” we analyze data from our Acumen^® Intelligent Workforce Platform to illustrate how pre-identified contingent candidates may be affecting your talent attraction, retention and cost-savings efforts.