Just before 2022 ends, we want to draw inspiration from this instructive year for our predictions for 2023. While the labor market continued to deal with the ramifications of Covid, it also began to show signs of trends that are here to stay.
Skills-based hiring will be more legitimate - we can already see employers thinking differently about how they find new candidates. Large-scale resignation and less college graduates prompted many recruiters to stop asking for degrees as a prerequisite. There are new ways to find relevant and capable employees and they don’t involve checking if you did or didn’t attend college. This shift comes from the understanding that college degrees can guarantee nothing when it comes to job compatibility and that resumes are not something to rely on anymore.
Putting skills-based hiring in the center means that Talent leaders will be more significant. Shifting from old-school methods to skills-based hiring, understanding workers require more from their workplace, and learning that recruiting is changing its regular fashion all mean that HRs are important. In our eyes, they are the VIPs of any organization. Despite massive layoffs, which sometimes makes HR seem less significant when trying to be efficient and therefore letting them go easily, the HR role is more crucial than ever.
With layoffs, quiet quitting, and well-being-focused culture, CEOs will have to be hands-on. Organizations are prompted to make greater efforts to attract candidates while lowering their churn rates, and cultivating an environment to maintain their workforce. This change requires CEOs to lead their talent by being attentive to their workers’ needs, creating a talent strategy and conveying their vision for the company’s employees while shaping a company culture that will help people and business growth.
Wellbeing, wellbeing, and wellbeing again.
The most significant and repeating prediction for 2023 is there for a reason. Continuing the quiet resignation, and the notion that work is no longer the center of out lives, workplaces can’t escape investing their time in wellbeing.
Align company values with global values. Employees who feel they belong will become the most successful and satisfied workers. A sense of belonging comes from sharing the same values with the place that makes money thanks to your contributions. Social impact, climate change, equality and inclusivity are values companies should embrace if they want to attract and retain younger talent who is deeply passionate about these values.
Remote work is here to stay. A lot of companies and workers realize that remote work helps wellbeing, work-life balance, and improves productivity in some cases. Even companies that tried forcing workers back to the office are taking it back to secure a more satisfied work environment. To maintain that sense of belonging when people are working remotely, creating a feel of community with open communication channels will support both well-being and retention.
Personalized wellbeing. The mental health discussion is taking place and it looks like people globally continue to struggle with loneliness, anxiety, stress, burnout, etc. Workplaces realize that benefits and self-care look differently for different individuals and will plan to create wellness programs for their variety of employees.
Companies who will not acknowledge their employees, and the major changes in the global workforce’s needs, will stay behind. It might prevent them from achieving sought-after success when skillful talent won’t be interested in ‘old-school’ companies who don’t follow current culture trends.
To implement the new way of working that asks businesses to grow with their employees, companies need to nurture their HR departments. Instead of seeing them as administrators, organizations should view them as their greatest advocates.
Here's to a successful and fulfilling 2023 for all of us!