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MPO: tackle AI-driven skill shortages with DEI, skills-based hiring and upskilling.

The medtech labor market appears resilient despite a challenging year of economic uncertainty and geopolitical instability. Job creation remained robust, with 336,000 jobs added in September, and projections show continued expansion in U.S. healthcare spending, particularly in Medicare and Medicaid, benefiting both durable and disposable device makers.

To sustain growth, device makers will need to build a robust pipeline of specialized skills to overcome talent scarcity. In particular, workers with expertise such as cybersecurity, cloud engineering, data science and UX design remain sought after in the global jobs market.

This demand has led to some of the highest job vacancy rates in medtech today. Demand for specialized, non-technical roles is rising too, according to Randstad’s research. That's why HR leaders are turning to diversity, equity and inclusion (DEI), skills-based hiring and upskilling to build the workforce they need to compete in a complex landscape.

As the medtech sector prepares for 2024, how will you build a pipeline of specialized skills to meet growing demands? And in the face of talent scarcity, how will you attract high-caliber professionals amid intense competition?

Explore six key trends impacting workforce planning for 2024 in MPO, and then explore Randstad’s 2023 Workmonitor survey.