Just Released: Exploring Aura’s 2023 Industry Benchmarking Report

Keeping a pulse on global workforce trends today is beneficial and necessary for survival and success. Our latest release, Aura's 2023 Industry Benchmarking Report, highlights key changes and trends in the job market that are shaping the future of work.

This benchmarking report contains important insights that are uniquely helpful for leaders, policymakers, and professionals in sectors such as Management Consulting, Private Equity, and more. Let’s look closer at what’s included in the report, some applications for our findings, and why it matters.

What’s in the Report?

Aura’s latest report comes at a time when understanding the job market is more crucial than ever. It looks at hiring trends and current workforce statistics to give a detailed picture of what’s happening globally.

A Sneak Peek at Our Findings

• Global Hiring Patterns: Even though global hiring went up by 5% in 2023 compared to last year, many companies are still playing it safe, likely because of economic uncertainties. This is important for businesses to consider, especially when tweaking their growth strategies with potential recessions in mind.
• The AI Job Landscape: Most new AI job postings were concentrated in India and the US, showcasing regional variations in tech adoption and investment despite a general downturn with a more than 20% drop compared to last year.
• The Remote Work Shift: The remote work trend slowed in 2023, seeing a 13% drop in job postings for remote positions compared to 2022. This indicates the big move toward working from home might not be as permanent as we once thought.
• Workforce Diversity: Even though the workforce is almost half women and half men, with 45% females and 55% males, leadership roles paint a different picture. Female leadership actually dropped by 5 percentage points from last year, showing that we still face some fundamental challenges and gaps in gender representation at the top.
• Promotion and Career Progression: Interestingly, in 2023, both the rate of promotions and the number of employee exits went down, hinting at a job market that's becoming more stable where people are choosing to stick with their current roles a bit longer.

Sector-Specific Insights

• Technology Sector: With 7.2 million new job postings, understanding the shifts in technology roles is crucial for tech companies and IT departments.
• Healthcare Boom: The expansion in healthcare jobs, from 17 million to 20 million, underscores the growing demand for health professionals, an essential insight for those in medical sectors and investment.

Regional Analysis

• American Markets: While remote work trends decrease, specific states and industries in the U.S. continue to push forward, offering new opportunities and challenges.
• Growth in Latin America and Asia: As these regions show significant workforce increases, businesses looking to expand need to consider these markets closely.

Practical Uses of the Report

The job market is moving faster than ever, and keeping up with these changes is crucial for anyone making strategic decisions in today’s businesses. Aura’s 2023 Industry Benchmarking Report provides a detailed look at what’s happening right now in different sectors and some trends we should all keep an eye on. Here are a few ways these insights can help guide different roles:

For Consultants and Strategists: By clearly identifying the latest workforce trends, consultants can enhance their understanding of industries and offer targeted advice that helps clients improve their business performance by attracting the best talent, planning more efficient teams, and reshaping to meet emerging market demands. This kind of informed guidance is essential for businesses looking to stay agile and competitive.

For Investors and Financial Analysts: The report highlights which sectors and regions are experiencing growth that can potentially lead to lucrative investment opportunities. At the same time, a deeper understanding of workforce dynamics, like shifts in employment rates or changes in industry demands, can help identify potential investment risks.

For Operational Leaders: Knowing about trends in contract types and the shifting sentiments towards remote work can significantly impact how leaders manage their operations. These insights enable businesses to adjust their hiring practices and workplace policies to optimize productivity and adapt to the preferences of today's workforce.

Why This Report Is a Must-Read

Aura’s 2023 Industry Benchmarking Report is more than just a collection of statistics and trends—it’s a roadmap for navigating the ups and downs of the global job market. As Evan Sohn, CEO of Aura, explains, “This report showcases our dedication to providing actionable insights rooted in credible workforce intelligence crucial for strategic decision-making.”

This year's findings shed light on significant shifts, including the strategic implications of remote work and the increasing importance of AI skills across multiple sectors. These trends are reshaping not just businesses but entire economies.

Aura’s 2023 Industry Benchmarking Report gives you the data you need to push for growth and adapt to the ever-changing global market. Whether you're guiding a company's strategy, making informed investment choices, or optimizing daily operations, this report is your key to understanding the current and future workforce landscape.

Don’t just keep up with the trends—stay ahead and turn these insights into action.

Download Aura's 2023 Industry Benchmarking Report today and get ahead with the latest workforce intelligence.