Growing food and beverage businesses will maintain or improve market share while passing along costs to consumers. … READ MORE >
labor
3 priorities for insurers in the future of work: Spring 2022 outlook
A confluence of pressures is forcing many insurance companies to reinvent their traditional operating models. … READ MORE >
Labor shortage remains a major challenge for oil and gas: Spring 2022 outlook
Oil and gas companies are facing a labor shortage that poses serious risk to the industry’s efforts to recover from the tumult of the past two years. Some workers are moving to the renewable energy space, while others are leaving the industry altogether. … READ MORE >
Rising capex investments require ‘new collar’ workers: Spring 2022 outlook
Since the last economic recession, the industrial sector has lagged others in capital goods investments, but 2021 saw record industrial spending in this area as companies played catch-up. This elevated spending could have important implications for the industry’s future, especially on the labor front. … READ MORE >
Robots rise on the shop floor: Spring 2022 outlook
Manufacturers have struggled to meet the demand spike after the initial pandemic slump for many reasons, but perhaps most importantly because of labor shortages. This has strengthened the case for companies to invest in robotics and automation. … READ MORE >
Manufacturing and energy industry outlook: Spring 2022
Our spring outlook examines how manufacturing companies can thoughtfully incorporate robotics into their business models, lessons learned from the auto industry when it comes to automation, the oil and gas workforce landscape, and the labor implications of elevated capital expenditure investments. … READ MORE >
Changing work patterns in the middle market: An MMBI special report
COVID-19 has had a wide range of effects on how middle market businesses conduct operations. Although many of the innovations that companies instituted to deal with the pandemic were meant to be stop-gap measures, some of these initiatives are now here to stay. Read RSM’s new Middle Market Business Index special report on these issues. … READ MORE >
Staffing firms thrive amid wage inflation and labor shortages
Resilience in combatting the labor shortage is among five trends that came to light during third-quarter earnings calls hosted by executives of workforce solutions firms. … READ MORE >
Initial jobless claims fall for third straight week as labor shortage continues
New filings for unemployment benefits beat estimates with a decrease of 6,000 for the week ending Oct. 16, reaching 290,000 initial jobless claims. That’s the lowest level since March 14, 2020, according to a report from the Department of Labor on Thursday. … READ MORE >
Canadian law firms are losing talent to more lucrative U.S. jobs. How can they stop the exodus?
The red-hot labor market for lawyers in the United States is magnetizing Canadian lawyers eager to join their American counterparts on the quest for lucrative wage increases at U.S. firms. Canadian firms, meanwhile, have been slower to react with widespread wage adjustments, but we expect that to change in the coming months. … READ MORE >