17 January, 2023
5 HR Trends that will Define the Work Culture in 2023
In the last couple of years, workplaces have witnessed a plethora of challenges ranging from economic volatility, the Great Resignation, employee moonlighting, the shift to remote work, and global upheavals. HR leaders rose up to the forefront during these disruptive times, and learned on the fly as they mitigated unanticipated tribulations.
As we step into a brand-new year, HR will continue to play a key role as organizations navigate through change and figure out their risk management strategies. Trends such as flexible working, diversity and inclusion (D&I), and employee wellness will assuredly reverberate in the next year as well, now with an evolved, enhanced, and fine-tuned outlook.
What to Expect in 2023?
2022 was mostly wrought with crisis management, steadfast solutions, and temporary fixes in order to keep the organizational engine running amidst uncertain circumstances. Employee expectations also underwent a radical shift, with amass workers demanding a better work-life balance, leadership buy-in, and a shared purpose to thrive at the workplace. The contingency? Employers across the globe fixated on the gamut of employee engagement post-haste to avoid a long-term rise in attrition.
With the new year upon us, it is time to drill-down and expand on the employee-centric elements such as rewards and recognition, company awards, engagement activities, and collaboration tools, with the intention of perfecting a people-first work culture. This blog highlights the top five HR trends expected to shape the workplace in 2023.
1. 2023: The Year of Employee Experience
A Gartner survey of HR leaders found that 47% cite employee experience (EX) as a top priority for 2023. EX has emerged as a salient indicator of the workforce’s happiness quotient and satisfaction levels, due to which it is expected to be one of the most sought-after HR trends going forward. In essence, it is the sum of all the touchpoints throughout the employee lifecycle at a particular firm.
Thus, HR will need to take a granular look at all of the interactions experienced by their workforce, ranging from recruitment and onboarding to retention and exit; and devise a strategic employee engagement program for the same.
Read more about how the employee experience can be enhanced throughout the employee journey.
2. Humanizing Work Relationships
Employee as well as employer expectations have been undergoing a dynamic shift, courtesy the evolving nature of the professional environment. As an integral part of this, the roles and responsibilities of leadership have also become increasingly complex; the transactional manager-employee relationship is no longer suffice enough to keep up with the transformative work culture.
Thus, a much-needed trend of “humanizing” work relationships is expected to gain traction in 2023, where leaders would be more authentic, approachable, and empathetic in their demeanor.
To accomplish this feat, HR will be focusing on deploying digital collaboration tools and employee engagement software that can help managers strengthen their team bonding in a hybrid workplace. Features such as instant employee recognition, automated award nominations, 360-degree performance feedback, social wall, team events, and virtual discussion forums can come in handy to forge deeper connections between all the stakeholders.
3. The Evolving Role of the CHRO
2023 brings in a ray of hope and ambition across the Indian HR fraternity, as the role of the CHRO has finally gained recognition as a crucial business leader indispensable to organizational success. CHROs are now seen as stewards that drive the EX and facilitate employee retention through innovative solutions such as digital transformation of R&R.
Connect with us to understand the capabilities of our digital R&R platform in supporting today’s CHROs!
4. Scalability and Modularity in HR Software
Cloud-based SaaS solutions for streamlining HR processes have been witnessing a steep curve of growth in the last few years. The ability of such software to integrate with on-premise systems such as HRMS, HRIS, and CRM, optimize HR workflows through automation, and reduce administrative overheads is what makes such technologies an advantageous venture.
An increasing number of organizations have adopted digital platforms for seamless HR functioning, especially amid the advent of flexible working and the diversification of workforce to include on-roll, off-roll, and contract workers. Now that the socio-economic and geopolitical factors have come to a rest, it’s time to upgrade and enhance the capabilities of these solutions. For instance, a digital R&R platform would now be assessed based on its’ scalability, modularity, and ability to adapt to a firm’s unique needs, apart from the basic R&R technology. In 2023, the demand for innovation and customization will continue to rise, and HR practitioners will be more aware and particular about their requirements as their familiarity with digital tools improves over time.
5. Employee Visibility
The hybrid working model is here to stay, and while it incurs a myriad of benefits from the financial and administrative standpoints, it also poses significant challenges in the form of measurement and tracking of employee performance. This is where visibility and transparency come into play, as blanket solutions for employee engagement and performance assessment can no longer be deemed effective. Instead, a centralized platform that is easily accessible to everyone, is equipped with digital performance feedback tools, facilitates instantaneous employee recognition, and enables seamless rewards delivery is the way to go!
Visibility is also extremely important in achieving D&I goals. Read about the best practices for fostering diversity and inclusion at the workplace.
Emphasizing the ‘Human’ in Human Resources
2023 is HR’s window of opportunity to revolutionize the function’s value proposition and guide organizations through the dynamic and fast-paced employee-employer markets. Use the top trends mentioned in this article to articulate your unique EX strategy comprising of adequate tools and technology to support your R&R needs.
Gratifi’s R&R platform is equipped with cutting-edge scalability, modularity, and flexibility. Its’ functionalities help HR make data-driven decisions and leverage the power of recognition to build winning work cultures. Learn more about Gratifi and get in touch with our team to experience the platform in action!