In 2006 Bombardier, the world’s third-largest commercial airplane builder, opened a factory in the central Mexican state of Querétero. At the time, Querétero only hosted two other aerospace companies, and the total number of jobs generated by the industry in the state numbered about 100.
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Today’s turbulent and rapidly shifting jobs market can raise some unprecedented challenges for CEOs and hiring managers. As talent management expert Josh Bersin recently noted, “We have entered one of the most confusing job markets in decades. While the unemployment rate continues to drop, companies are also worried about the slowdown. So they’re ‘hiring’ and ‘laying off’ simultaneously. What a confusing time.”
The world of work is undergoing a historic transformation, and with it comes new phrases that attempt to define the moment. Think: the Great Resignation, the “Why I Quit” Era, and the like. A new term has emerged this year and recently took social media — as well as mainstream media — by storm: quiet quitting.