Workforce Rebalancing: Insights from the Outsource Knowledge Hub

There’s no doubt that we’re in a recession – with the Office for Budget Responsibility (OBR) revealing in December that the UK economy will likely shrink 1.4% in 2023.

However, while there may be a contraction, this is likely to be mild compared to the 2008 Financial Crash when markets plummeted overnight. Perhaps more importantly, though, it’s set to be a recession that’s under-pinned by near full employment, or at least a continued demand for talent. In essence, we’re facing an employed recession that brings with it a range of challenges, but also opportunities.