As we enter the last quarter of 2023, there are several emerging trends that have the potential to redefine the modern workplace. The trends, based on data driven insights and expert analysis, reflect what is happening in offices around the country. As an employer, it is essential to recognize, embrace, and adapt to these trends to attract new talent, and keep your current workforce satisfied.
Mental Health and Wellness Support
The pandemic highlighted the importance of mental health and wellness in the workplace. In a study, 85% of employers reported having a formal well-being benefits strategy. And employees appreciate the benefits as well. About 72% of employees surveyed by Mercer with access to 10 or more health and wellness benefits said they are more likely to stay with their employer. It seems this trend will continue, with companies offering more comprehensive mental health support and destigmatizing discussions around mental health issues.
Personalized Benefits
It is obvious the one-size-fits all approach to benefits is evolving. Employees want personalized, flexible benefit packages that align with their individual needs. A survey by Voya found that 81% of employees say it’s important to have personalized employee benefit offerings and 80% said tailored benefits is a crucial reason for staying with their employer. As an employer, offering customizable benefits will help with employee retention and is attractive to potential workers as well.
Reskilling and Upskilling
Automation and artificial intelligence (AI) are reshaping job roles in 2023. As a result, companies are preparing to upskill or re-skill their employees. This training is essential, as an estimated 1.1 billion jobs will be transformed in the next decade, mostly due to AI. Now is the time to invest in employee training and development to ensure your workforce remains adaptable and competitive in the face of technological advancements.
Diversity, Equity, and Inclusion
Diversity, equity, and inclusion initiatives are no longer optional. Companies that prioritize diversity see better financial performance and innovation. According to a report cited by Fortune, diverse and inclusive companies earn 2.5 times more per employee and are 35% more productive. As 2023 continues, we can expect increased focus on creating inclusive workplaces and diversifying leadership teams.
At Smart Staffing Solutions we can help your business stay ahead of trends by providing staffing solutions tailored to your company.
Resources:
- Flexjobs. Remote Work Statistics & Trends: The Latest in Remote Work | FlexJobs. Accessed Sept. 17, 2023.
- Zippia. 30 Essential Hybrid Work Statistics [2023]: Hybrid Work Model, Data, and Productivity – Zippia. Accessed Sept. 17, 2023.
- Mercer. Employee well-being programs. Accessed Sept. 18, 2023.
- Voya. Hyper-personalization 101. Accessed Sept. 18, 2023.
- Benefits Pro. Employee wellbeing: 63% of employers say it’s more important since COVID. Accessed Sept. 18, 2023.
- World Economic Forum. Reskilling Revolution: Preparing 1 billion people for tomorrow’s economy | World Economic Forum. Accessed Sept. 18, 2023.