What are the top 5 workplace trends for 2023?
Workplace trends for 2023 show that workers will continue to have the upper hand and employers will have to raise wages, benefits and other diversity and inclusion initiatives if they want to. Employee retention, a report published recently by job sites True and Glassdoor shows.
According to the report, researchers from Truth and Glassdoor surveyed 4,049 workers aged 18 and over and consulted economists to identify five trends they say will reshape the market. labor market in the long run.
The report’s first prediction says that by 2023, more employees will ask for promotions and seek high-paying positions to keep up with rising prices due to inflation. The report also explains that the COVID-19 pandemic has accelerated changes to the workplace that are continuing to take place.
When it comes to employers, the report shows that they will be more focused on recruitment and employee retention activities, as workers are looking for better-paying work.
Here are the top five trends that Truth and Glassdoor predict:
HAPPY LABOR SUPPLY
The report indicates that by 2023, workers will have the upper hand in the labor market when asked for higher pay, telecommuting options or better benefits.
The report warned that the economies of many countries could “slow down” or even “fall into recession” as central banks work to reduce inflation. At the same time, the population in Canada will continue to grow due to immigration and the proportion of people over 65 will increase rapidly, the report said.
According to the report, the preference for telecommuting will also continue through 2023.
For example, on Indeed, 11.2% of job postings in Canada mention remote work (up from 3% before the pandemic) and 4.2% of jobseeker searches mention remote work. far (up from 0.6%).
At the same time, the report says that 30% of marketing job postings mention remote work in Canada, showing a 5.9% increase from pre-pandemic. Additionally, 23% of banking and financial job postings also mentioned remote work in Canada, 3% more than those posted in the UK and US.
WORKERS SEARCH MORE SALARY
The survey also shows that pay remains a top priority for job seekers and employers are increasing their benefits to attract talent.
From August 2019 to August 2022, the percentage of low-wage sectors such as personal care and home health that provide paid time off increased from 21.3% to 38 ,8%.
MENTAL HEALTH ISSUES
According to the report, recently, happiness and well-being have become the top priority of most workers and 90% of those surveyed said how they feel at work. However, only 49% of those surveyed said their company is measuring happiness and well-being.
The report also found that 46% of people said their expectations of happiness at work had increased in the last year, and 86% of people said how their feelings at work influenced their feelings of happiness. theirs at home.
After weighing salary, stress, lack of satisfaction and happiness are other top reasons why people look for new opportunities, the report said.
DIVERSE, FAIR AND INCLUDING
According to the report, promoting diversity, equity and inclusion (DEI) in the workplace is also a priority for workers by 2023.
There is a generational divide when it comes to attitudes towards DEI initiatives, the researchers say. In the report, 72% of workers aged 18-34 said they would consider turning down a job offer or leaving the company if they didn’t think their manager supported their initiatives. DEI. But when it comes to the older age group, that attitude changes.
For example, 63% of workers aged 35-44, 60% of people aged 45-54, 52% of people aged 55-64 and 45% of workers aged 65 and over said the same.
At the same time, 67% of respondents aged 18-34 said they would consider turning down a job offer or leaving the company if there was a gender imbalance in the company’s leadership.
However, only 58% of workers aged 35-44 said so, and only 35% of workers aged 65 and over agreed.
When it comes to the lack of racial or ethnic diversity, 65% of respondents said they would consider turning down a job offer or leaving the company if there was a lack of diversity in the company’s leadership. . Again, those numbers decrease as workers age, with only 55% of 45- to 54-year-old workers saying they would turn down a job offer due to a lack of diversity and 43% of those The same goes for those aged 65 and over.
Survey Method: This survey was conducted online in the United States by The Harris Poll on behalf of Truth and Glassdoor from August 30 – September 1 and September 6 – 8, 2022, out of 4,049 adults 18 years of age or older, of which 2,688 are currently employed or unemployed but are looking. The sampling accuracy of the Harris online polls was measured using a Bayesian confidence interval. For this study, sample data were accurate to within +/- 2.8 percentage points using a 95% confidence level.
Reporting for this story was paid for through the Meta-funded Afghan Journalists Project in Residence.