This document summarizes key skills, hiring, and compensation trends for 2022 based on an analysis of labor market data. The following trends are highlighted:
(1) In-demand skills include leadership, technology, and skills related to talent acquisition. Top growing occupations focus on AI, blockchain, and workforce development.
(2) Remote work has more than tripled since 2020 and is expanding the geographic reach of hiring. Companies face more competition but also larger talent pools.
(3) Wages are increasing at twice the rate of previous years due to labor shortages. Industries like hospitality, healthcare, and supply chain are seeing particularly sharp rises. Companies are using new strategies like bonuses, benefits, and tuition