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What are the hot jobs for 2024 and how should leaders attract, retain, and engage critical skill talent to avoid turnover and escalating labor costs?

As business leaders approach the fourth anniversary of COVID pandemic shutdowns, recent U.S. labor department reports suggest that labor markets continue to stabilize.

Engineering firms and non-banking financing companies (NBFCs) are likely to give hikes of over 10%, according to Aon. This set is followed by automobiles, financial institutions, fast-moving consumer goods (FMCG), tech platforms & products, professional services and global capability centres (GCCs), where increases are seen in the 9.5-9.9% range. Key sectors that see increases slowing include ecommerce (to 9.2% from 9.6%), retail (8.4% from 9.2%), startups (8.5% from 9%), and tech consulting & services (8.2% to 9.1%).

As business leaders approach the fourth anniversary of COVID pandemic shutdowns, recent U.S. labor department reports suggest that labor markets continue to stabilize.

On this score, the new 2024 Financial Times Global MBA ranking doesn’t disappoint. The thunderbolts are many, from the return of The Wharton School to rank first to the worst ranking ever achieved by the Stanford Graduate School of Business, which placed 23rd in the ranking. If you’re a prospective student, do you care how many professors at a business school have a Ph.D., which pretty much means they have never had any experience in the real world of business?