TOP HR TRENDS FOR 2023

The world of employment will alter in 2023. Although some tendencies have been developing for some time, more recent events have accelerated them.

An emphasis on overall welfare

According to Oracle, 2020 was the most stressful year Some 78% say the coronavirus pandemic has had a significant impact on their mental health; 40% believe they are making poor judgments; and 90% believe that the increased stress from their jobs has an impact on their personal lives Next, we anticipate HR to adopt a more proactive stance toward resilience and well-being This entails creating a more all-encompassing strategy for employee welfare that prioritizes their mental, physical, and financial health.

Defining new approaches to remote and hybrid work

Throughout the pandemic, work has changed. The pandemic has accelerated digital transformation in firms by three to four years, according to McKinsey. HR professionals will educate themselves and management about combating proximity bias, an ingrained propensity to favour local employees over distant workers Establishing objective performance indicators, promotion standards, and pay raise standards will be their main focus

Planning and use of the workplace will be impacted by clear working policies. Better-designed offices, adaptable areas to prevent potential home loneliness and workspace allowances to update home amenities will result from this.

When it comes to facilitating improved outcomes with remote working, HR has a key role to play, and we anticipate seeing a lot more of this in 2023

Creating purpose-driven organizations

The relevance of purpose in today's enterprises is one of the basic transformations we've witnessed over the last few years. This is the outcome of four motivating factors:

COVID- 71% of employees in India acknowledge that the pandemic has significantly changed their priorities

Automation- As the first tasks to be automated are those that are mundane and repetitive, 81% of workers feel that this will result in more meaningful employment.

Changes in the population- While Gen Z and Millennials place greater emphasis on values and purpose than their older counterparts do, retired people may choose to work longer if the employment is meaningful to them.

Psychological contract shifting- Changed work expectations are demonstrated by the anti-work movement in the US, quiet resigning, and the lying flat movement in China