Middle market trend watch: Hiring and compensation
INSIGHT ARTICLE |
Economic sentiment among midsize companies has improved slightly as businesses slowly emerge from the pandemic shock, according to the June reading of the RSM US Middle Market Business Index, which ticked up to 108.9 from 106.1 a month earlier. Hiring and compensation data from the survey implies a mixture of uncertainty and promise. Note the following findings:
Hiring and workforce uncertainty will likely continue for the coming months, but there are steps middle market companies can take to address the ambiguity. Evaluate current and future hiring needs considering multiple scenarios of economic slowdown and uptick, optimize remote workforce efforts to improve current employee connectivity and productivity, and explore technology strategies that automate repetitive tasks or augment current employee efforts. Check out our resource center to get more workforce dynamics insights.
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