Posted: January 5, 2023

Read Time: 3 minutes

As we enter 2023, the world of work continues to evolve at a rapid pace. Advances in technology and shifts in societal values are constantly influencing the way we approach our jobs and careers. It’s important for professionals to stay up-to-date on these trends in order to stay competitive and thrive in their field. With this in mind, we’ve outlined 4 workplace trends for 2023.

1. The War for Talent

Difficulties in the hiring of new talent is expected to dominate employer worries in 2023. The number of job openings far outweigh the the number of jobseekers, and this is being diminished further by the ageing population, with the eligible workforce declining by 3.2% over the next decade [1]. In fact, 56% of employers in the Engineering sector have stated they are struggling to find suitable talent [2].

 

To combat this, companies must take a holistic view on how they attract talent. This means making changes that meet the real needs of people, such as offering flexibility in working arrangements, implementing measures to help ease external factors, such as the cost of living crisis and focusing not only on the the salary figure offered, but also on the frequency of salary reviews

2. Flexibility of Work

We have been dealing with the “New Norm” brought about by the Covid-19 pandemic for a number of years, and labour market expects employers to have acclimatised to this. Flexibility in working arrangements is now the second most important factor talent looks for, after pay [3]. Flexibility also benefits employers, as initial reports have shown that companies who engage in flexible working arrangements have witness an increase in productivity [4].

Flexibility extends beyond offering hybrid working though. Employees are now seeking flexibility in the the way they work. Providing employees with autonomy and trust by reviewing the current work set up and offering choice in certain areas sustains employee engagement and boosts employee retention. Ditching the traditional 9 to 5 and allowing breathing room around start times or adopting a 4 day work week can help companies rise above their competitors and attract and retain key talent.

3. Personalisation of the Employee Experience

Recent years have shown that the labour market is stacked in the favour of the employee and the employers who tailor working arrangements on an individual employee basis are finding it considerably easier to hire.

 

The idea of our work lives being “one-size-fits-all” has become archaic. Instead, a move towards a personalised employee experience in terms of working arrangements will become the new standard. Allowing employees to personalise their pay, such as taking a lower base salary in return for more Annual Leave, or developing individualised career development plans with employees leads to a better employee experience, which in turn has exponential benefits for productivity, profitability and performance.

4. Hiring: A Team Sport

Across all industries, a company’s employees will be it’s biggest asset and source of competitive advantage. Hiring key talent sustains a company’s performance and leads to growth. Therefore, economic success is dependent on having the right people in the right place.

 

Where once thought of as a HR function, recruitment now requires buy in from the company as a whole. By establishing hiring as a strategic function, backed by leadership, the recruitment process can be optimised, increasing the chance of finding and recruiting the right people for your team, leading to improved company performance.

Final Thoughts

The workplace of 2023 is expected to continue evolving and adapting to the changing needs and preferences of employees and businesses. As these trends continue to shape the way we work, it will be important for businesses to stay up-to-date and adaptable in order to attract and retain top talent. Ultimately, the success of any organization in the 2023 workplace will depend on its ability to embrace change and create a positive and supportive work environment that meets the needs of its employees.

Looking to hire in 2023? Get in touch today and get access to the industry’s top talent. Chat to a member of our team here.

Source

[1] Glassdoor (2022) Available at: https://d341ezm4iqaae0.cloudfront.net/assets/2022/11/17210816/Indeed-Glassdoors-2023-Hiring-Workplace-Trends-Report-1.pdf?isid=enterprisehub_us&ikw=enterprisehub_us_externallink_https%3A%2F%2Fwww.indeed.com%2Flead%2Findeed-glassdoor-hiring-and-workplace-trends-report-2023%3Fco%3DUS

[2] WTW (2022) Available at: https://www.wtwco.com/en-IE/News/2022/10/over-a-third-of-companies-in-ireland-expect-to-have-problems-in-attracting-talent-in-2023

[3] LifeWorks Mental Health Index (2022) Available at: https://www.businesswire.com/news/home/20221130005053/en/One-third-of-Americans-rate-health-well-being-benefits-second-only-to-compensation-when-choosing-a-job

[4] Business News Daily (2022) Available at: https://www.businessnewsdaily.com/15259-working-from-home-more-productive.html