Party on, dude! Blowout jobs number at 272k gets the headline, but there is an interesting story about the innovation economy worth noting. Corporate margins have been at record highs without significant labor force reductions. Declining costs relative to sales is likely a product of corporate investment in areas like automation and digitalization. Many of the companies tied to those themes continue to deliver strong performance. Check out Global X ETFs recent Inflection Points, The Fed vs. the Innovation Economy for more on the topic: https://lnkd.in/dTWqbrD7
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In the face of expensive capital, companies need to reexamine how they allocate their resources and communicate their strategies. These processes must become more disciplined and dynamic. The best companies find ways to increase productivity during slowdowns, not merely cut costs. Boosting productivity requires that leaders identify the factors preventing their people from getting things done. In some instances, the problem is organizational complexity – that is, a combination of complex processes, organizational structures, and ways of working. Unless this underlying complexity is dealt with, any margin improvement will be short-lived. An executive recently remarked after overseeing her company’s third major workforce reduction in as many years: “We should have learned this by now. If you take the people out, but you don’t change the way work gets done, the people will invariably come back”. Enhancing productivity often requires investment. Done right, technology investments reduce costs and increase productivity, allowing a company to improve margins in the short-term without sacrificing growth in the medium- to longer-term. Most companies conduct capital planning on an annual basis. But the pace of change is necessitating a shift. CFOs need formal mechanisms to track changes in assumptions, risks, and opportunities continuously throughout the year. Capital must be measured and carefully managed, otherwise companies risk over-investing in the wrong opportunities and under-investing in the right ones, undermining future profitability, growth, and value creation. https://lnkd.in/g8Ts8wd3
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The global industrials sector leverages significant capital investment, cutting-edge innovation, and complex global supply chains to literally build the foundations of the modern global economy. What's next? Find out in the latest #ManpowerGroup Global Insights report analyzing the top five trends impacting this industry and its workforce today.
Global Insights Industrials Report 2024
workforce-resources.manpowergroup.com
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"Forrester views the need for revenue operations as an expansion of operational focus. This is the most direct way to enhance operational capabilities and close the persistent alignment gaps facing B2B organizations. For organizations with established sales and marketing operations disciplines, revenue operations is neither a reshuffling of existing capabilities nor the insertion of a new level of hierarchy into a leadership structure — it’s an additive effort that harnesses operational resources, improves the buyer experience, and drives predictable growth." #revops #forrester #b2b #tech #sales #marketing
2024 Planning: Don’t Let Modest Budgets Create Complacency
https://www.forrester.com
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The recent Reuters report on global markets https://lnkd.in/gyYg2sr8 highlights the dynamic and often volatile nature of today's economic landscape. With shifting market conditions, businesses face unprecedented challenges that require agility and innovation. In such times, enterprises must stay focused on their core competencies. This is where outsourcing companies like TESI Outsourcing come into play. By partnering with us, businesses can: ✅ Streamline Operations: We handle talent sourcing, HR, payroll management, and office space solutions, allowing you to concentrate on strategic initiatives. ✅ Enhance Flexibility: Our services provide the agility needed to adapt to market changes without compromising on quality or efficiency. ✅ Drive Innovation: Free from the burden of administrative tasks, your team can focus on driving innovation and growth. Outsourcing is no longer just an option; it's a strategic necessity for businesses aiming to thrive in a competitive market. At TESI Outsourcing, we're committed to supporting your success by managing the complexities of workforce management, so you can focus on what you do best. Reach out to us today to learn how we can help your business stay ahead of the curve. #Outsourcing #BusinessGrowth #TESIOutsourcing #CoreBusiness #Innovation #GlobalMarkets #EnterpriseSuccess #GrowWithTESI
Tech boom leads global markets through first half of 2024
reuters.com
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What's Next for Light Industrial Jobs? 📉 With manufacturing stagnation and shifts in warehousing and logistics, the landscape for industrial staffing faces new challenges. 🚀 But there's a silver lining! 📊 With the Federal Reserve's anticipated interest rate cuts and targeted factory investments, sectors that have faced headwinds are now positioned for growth. Balance Staffing is at the forefront, ready to harness these developments and support our clients in the industrial sector. 💡 Explore our insights and solutions tailored for these evolving economic conditions. 👉 Visit BalanceStaffing.com for expert guidance and support. #IndustrialStaffing #EconomicTrends
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Vice President, Property & Casualty at USI | Advising Business Leaders on Capital-Efficient Insurance and risk management solutions for the Transportation and logistics Industry
Company outlook for 2024 remains steadfastly positive — much higher than for the U.S. economy In looking at the overall U.S. economy, the number of middle market business leaders who characterized their outlook as excellent or very good increased 2 percentage points to 49% at the end of 2023. Respondents in the South and West regions were more optimistic, with 55% and 56% reporting a positive outlook, respectively. Among business leaders of the largest companies in the sample, with $500 million to $2 billion in revenue, 62% expressed positive sentiments about the U.S. economy. A higher-than-average proportion of respondents at publicly owned companies reported a positive outlook for the overall economy and their businesses (62% and 85%, respectively).
Paid Program: Inside the 2024 Middle Market Outlook
partners.wsj.com
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Thriving Amidst Change: Balancing Business Dynamics In today's fast-paced business landscape, striking the right balance between maintaining profitability and supporting your workforce can be quite the juggling act. Let's dive into an intriguing scenario: Why Companies Adjust Prices without Increasing Salaries. Profitability Matters: Companies face ever-evolving challenges, from rising production costs to market dynamics. Adjusting product/service prices can be a strategic move to ensure sustainable growth and profitability. Navigating Global Markets: In a connected world, currency fluctuations and international operations can play a significant role. Tweaking prices might help businesses stay resilient in the face of economic shifts. Innovation Investment: Innovations and expansions demand resources. Occasionally, companies may choose to recalibrate their pricing strategy to fund game-changing innovations that benefit both customers and the business. Customer-Centric Focus: When market demand remains robust despite price adjustments, it reflects the strength of a product's value proposition and customer loyalty. A delicate balance that speaks volumes about customer confidence. Strategic Branding: Premium brands sometimes adjust prices selectively, reinforcing their exclusivity and maintaining their desired market positioning. Embracing Technology: Rapid technological advancements can reshape business models. To keep up with the pace, companies may tweak their pricing strategy to accommodate new ways of working. #BusinessStrategy #PriceAdjustments #EmployeeEngagement #Innovation #GlobalMarkets #LinkedInConversations
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DEcline - Is the current #turnaround ability of the #industrials sector sufficient to recover and connect towards the required growth path? In our recent study, we found out that the turnaround ability of the Industrials sector is trailing behind the industry average, and the situation has worsened in recent years. As such the sector was hit harder and recovered worse than the average German company. We see stagnating labor productivity despite hugh investments in digitization and automation and a visible drop in innovation. It's time to act to regain strength of the backbone - read more in our recent study - DEcline authored by Michael Weiss and Bernd Jung and myself. https://lnkd.in/ezDaxHWH
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Founder & CEO of allygatr 🐊 | Building the hrtech ecosystem #hrtechallyance | Bringing together StartUps, Investors, Companies and Experts| HR Tech Expert |> 100k Followers🤳Mentor 🎓 Speaker 📈 Podcaster🎙️Investor💰
𝐖𝐡𝐚𝐭 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞 𝐝𝐨 𝐲𝐨𝐮 𝐞𝐱𝐩𝐞𝐜𝐭 𝐟𝐫𝐨𝐦 𝐲𝐨𝐮𝐫 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭? When you’re trying to get the best return on investment, you’ll likely start combing through loads of data. A good place to start is looking at the past decade of returns on some of the most common investments: ➡️ Average annual return on stocks: 12.8 percent ➡️ Average annual return on international stocks: 4.9 percent ➡️ Average annual return on bonds: 1.4 percent ➡️ Average annual return on gold: 3.4 percent ➡️ Average annual return on real estate: 4.8 percent ➡️ Average annual return on 1-year CDs: 0.42 percent CD rate data is from internal Bankrate averages. imagine a company that challenges the status quo and builds the hr tech ecosystem in germany 😉 what would be your expected growth rates of your shares? ################# If you wanna find out more about invest opportunites in allygatr 🐊➡️ https://lnkd.in/eC32p7Sj ################# #hrtech #invest
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