The digital media landscape is continually evolving. Lately, fears of a recession are taking hold in the industry. As companies try to navigate this new media market post-COVID, Entech has seen a downward shift in their overall outlook. Inflation and the resulting increase in interest rates have forced many of these companies to consider workforce reductions and hiring freezes.
Media advisors and insiders indicate that current media trends are now being reversed as the markets level out after an astonishing comeback in 2021 following the 2020 lockdowns. Where media companies, experiencing an expanding market in Q1 and Q2, are now grappling with a shrinking market as 2022 nears an end.
Fears of a recession are now weighted more heavily, and companies have shifted their strategic focus, planning for leaner times ahead. With that in mind, there is still a burgeoning labor shortage in the digital media marketplace, and are advising our clients to plan accordingly. One effective strategy is to offer contingent workforce solutions, ensuring the skills in demand are ready for 100% utilization when the market permits.
Entech has consistently provided a respite for companies facing these onboarding challenges. As these companies struggle to pivot, while keeping an effective and efficient workforce, our team is committed to solving these challenges. Let’s address the leadership vacuums that may exist within your organization, specifically in the C-suite. After all, we are in this for the long run.
Providing our unique services over the last 20+ years has given us the experience and industry knowledge to create meaningful solutions for our customers in both expanding and contracting economic environments. Consultations are always free, so why not have that conversation with us? To speak with a member of the Entech Networks team, email us at careers@entechnetworks.com, or feel free to give us a call at (954) 340-5775.
