Five Employment Trends That Will Shape The Workplace In 2023.
Both employees and employers are trying to figure out the new norms they are seeing.
The workforce has had to constantly and swiftly adapt to the changing socioeconomic environment due to the epidemic. As the world was as it was in the year 2020, we are now living through the “re-adjustment” phase that has created the same set of changes and issues.
Employees and employers alike are grappling with their new norms and how to incorporate actions and behaviors learned during the pandemic into the post-pandemic world. A rise in the use of technological tools that allow remote work, the development of virtual workplace cultures, and a focus on internal satisfaction and engagement of employees are all examples of pandemic-related activities that employers are trying to integrate into their everyday routines.
As the new year gets underway, a recession that could be imminent is a further factor of uncertainty that must be considered in the field of work. It is crucial to anticipate expected changes so that workers can plan for them.
Here are the five trends I expect to become more prominent during the new year.
UPSKILLING AND DEVELOPING SOFT SKILLS WILL TAKE CENTERSTAGE
Soft skills and upskilling were hot topics throughout the industry in 2022. As we approach the new year with uncertainty in the economic future, opportunities to upskill workers will become a critical retention strategy, showing the desire of an organization to promote employees’ growth and development. Today, organizations have seized on the need for employees for continuous learning, and we’ll see innovative programs for learning and development put in place to provide a setting where learning is encouraged and allows organizations to reap the benefits of creating high-quality teams.
The current market conditions have caused employers to need help finding top talent. It is, therefore, essential for both employers and employees to recognize or eliminate any skills gaps. Giving workers and job seekers the to learn or develop new skills is a way for employers who wish to stay relevant in the marketplace and improve the efficiency of their current workforce.
In addition, soft skills are essential to any business, and having these capabilities can make top leaders stand out. Interpersonal communication, decision-making collaboration, and time management are all skills that soften job seekers and employees to consider this year to boost their value within the workplace.
HYBRID WORK ENVIRONMENTS WILL CONTINUE TO BE FAVORED
Flexible working in working environments has always been appreciated in the present. Many employees wish to avoid being tied to their desks for 8 hours a day after experiencing the flexibility of remote working. The reduced commute and the ability to change working hours to work during non-traditional hours have let employees achieve a better life/work balance.
As the world returns to “normal” after two years in the home, workers aren’t yet ready to abandon the things which have significantly increased their life satisfaction for the sake of going back to work every day of the week.
Many teams have opted for a hybrid approach. In the years ahead, we’ll continue to observe hybrid work environments adopted by businesses that allow employees the freedom and autonomy of working remotely they love while allowing teams to have face-to-face meetings and collaboration at the workplace. Work environments that are not flexible can be very difficult for employees, which is why workplaces will continue to consider the needs of employees when implementing hybrid models of work.
With the widespread adoption of work-from-home, companies are taking strategies to assess employee performance even when they’re not working. From tracking time to monitoring software, we’ve seen companies seek to gain insights into how teams use their time. However, these initiatives could affect trust levels in the workplace. It is essential that employers work in a team and be open with their employees, and keep a sense of trust.
BENEFITS WILL PLAY A LARGER ROLE IN RECRUITMENT STRATEGIES
From 2023 onwards, we are expected to see an increase in the importance of benefits as part of compensation plans. A recent Talent.com study revealed that nearly 60 percent of U.S. job seekers find gifts to be crucial when searching for an employment opportunity, which is second to pay.
Due to the continuing shortage of talent in the job market, many companies opt to create more attractive and comprehensive benefits packages to draw and keep the best talent. Benefits that aren’t traditional, like accessibility to treatments for fertility and financial wellness programs, and pet insurance, will not be typical in the coming year in the coming months. They are very sought-after by Americans.
Furthermore, as more states move toward pay transparency, job seekers will also look to benefits as a way to negotiate. The increase in vacation time or parental leave, as well as 401(k) matching, are just among the numerous avenues employers can leverage to boost the value of their compensation packages.
PAY TRANSPARENCY WILL CONTINUE TO GAIN MOMENTUM
Transparency in pay is the new work norm, and we witnessed this change begin in 2022. New York City and Colorado already have laws on pay transparency in place, which require employers to include the salary ranges of their job descriptions. California is the next state to allow pay transparency, with the same policy slated to go into law on January 1.
The concept of transparency in the pay system is one method to close wage gaps and eradicate pay discrimination which is a significant victory. A recent study by Talent.com exposes New York City residents’ thoughts about transparency in pay. We discovered that 35% of workers have had to endure discrimination in their income, and more than 50% of those discriminated against were female. Pay discrimination is a matter that has been a problem for the workforce for a long time, and the introduction of salary transparency could assist in resolving the issue.
There are also advantages to taking part in efforts to improve salary transparency for employers, which include raising the quality of applicants. When applicants can be sure that the qualifications and pay for the job match what they’re seeking, The most qualified applicants will sort themselves according to their needs. A fair and honest salary range — not too broad of a ridge, can be a strong image statement and help build an image of trust among job seekers.
ECONOMIC UNCERTAINTY WILL CREATE THE NEED FOR A RENEWED FOCUS ON MENTAL HEALTH
Economists say that a recession could be to be imminent. With the widespread media coverage of layoffs in large tech companies across the country, many employees are worried about the fate of their work.
The pandemic has prompted many crucial discussions on well-being and mental health in and out of the workplace. In the aftermath, employers are providing their employees with wellness benefits like meditation software or summer Fridays that help to relax and access psychotherapy services. While we’ve gotten past the pandemic, this is not the right time to reverse the considerable progress made, which enabled employees to speak up about their mental health issues.
Economic uncertainty brings an entirely new set of worries which can adversely affect employees’ mental health. Employers must be aware of these issues and give employees continuous access to services that will help them improve their mental health and, consequently, their work performance.
Ultimately, the nature of the workplace today is constantly evolving ahead of us, and adapting to the changes is essential. Keeping these six key trends in mind throughout the coming year will set employers and employees on the path to success, providing people and organizations with the chance to flourish in a post-pandemic world of work.