Workday's Global Workforce Report for the first half of 2024 highlights a notable trend in the labor market: job applications are increasing four times faster than job openings, creating a competitive landscape for job seekers. Despite this growth, organizations are struggling to retain top talent,

Metrics from Workday customers indicate the hiring slowdown may be coming to an end. We explore how that impacts organizations’ talent strategies and why that makes “retaining” the new “recruiting.” Trends in hiring reflect more than the state of the economy. They also reflect a