7 work trends in 2023 according to Careerfoundry research

24/08/2023 - 05:20
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Work flexibly, care about remuneration or gradually empower employees … are the working trends that will emerge in the coming year.

2022 is a turbulent year for the job market and the global economy. The researchers of career-oriented service CareerFoundry predict the new year will see even deeper transformations.

Work remotely and flexibly

2022 is the best proof for businesses that employees in many fields, especially the technology industry, can complete tasks well even when not in the office. That is also the reason why most workers want to keep this trend.

According to data compiled by recruitment website CodeSubmit, 75% of workers globally believe that working remotely is the new normal. In other words, the benefits of remote work (including no time and travel costs) have outweighed the negative aspects, such as fewer face-to-face connections with colleagues. Besides, many companies are prioritizing remote work or opting for a hybrid model – combining remote and in-person work.

On a broader level, flexible working models cause the idea of office space to be reconsidered. Many companies no longer have to make large investments in offices, which saves money.

However, businesses also need to consider the needs and rights of employees. Because there is still a need for a co-working office, large enough for those who do not have the conditions to work from home.

Empower workers

The Great Resignation has become a trend in 2021 when there are 380 million search results on Google. Reports show that about 36% of U.S. workers plan to quit their jobs in 2023. This is considered one of the biggest changes to the labor market and it is not an exaggeration to assume that this trend will continue.

In fact, those who have quit their jobs or plan to make the leap will have to worry about competition. But on the positive side, this is the moment when the advantage is tilted in favor of workers.

The massive trend of layoffs forced managers to offer better working conditions, especially in the tech industry when many workers demanded work-life balance after the pandemic. And the rise of the “4-day workweek” in some companies is proof of this.

Pay attention to remuneration for employees

To combat massive layoffs, many companies are scrutinizing providing the best employee experience in the workplace. The “drink as much coffee at the company as you want” benefit, which was advertised the most in previous job postings, is no longer relevant if you want to attract and retain talented people.

Employee compensation used to be a very small part of the HR department’s vision but will explode in significance in the coming years. A survey by multinational auditing service EY found that one in 3 respondents said employee compensation is an effective hr strategy for 2023.

Not only material, employers need to take care of supporting mental health (which its importance is increasingly evident after the pandemic), increasing sick leave, funding employees’ family expenses, proactively giving more credit to employees for their work achievements.

Support remote workers

The pandemic has increased the need for tools to help connect online more effectively.

And for those who work flexibly between home and work or work 100% remotely, there needs to be a full range of tools to do this. Even a budget is needed to equip their work from home area.

Skills are more important than roles

Overall in 2023, job seekers will quickly notice a change in the way they view work.

People familiar with the tech industry say this has been going on for decades, and that assessing a person’s competence is not based on what they’ve done but on what they can do. This change gives people who feel inadequate due to lack of professional experience more access when moving into a new field or role.

Finally, if you’re preparing for a major career change, do some research to find out which skills are most important to your future career.

Multigenerational labor becomes the norm

We live in an era where multiple generations work in the same office at a time. For management, this can create challenges when it comes to figuring out how to engage employees with age and generation gaps.

But the positive side of this is that the insecurities of older employees who want to change careers are being addressed. In 2023, workers can expect businesses to be more receptive to their requests.

Artificial intelligence offers many career opportunities

When reading the news about artificial intelligence (AI) many people do not ask fear they will replace current jobs, but the scenario may change direction in 2023.

Instead of fearing that robots will rob you of your job, you need to look at the fact that AI is creating new things that help you grow your career. Accordingly, industries across the globe have been using AI to scale and operate production. They can come from web development or UX (User Experience) design.

Besides, companies also use AI to help employees develop their careers. French pharmaceutical giant Sanofi, for example, has used the iMatch program to help employees in its research and development department find exceptional competencies based on individual skills.

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