World of Work Trends Report 2023
Top Employers Institute’s World of Work Trends Report 2023 analyses the latest trends in people strategies and practices from leading organisations globally. The report examined data from 2 053 Certified Top Employers to give a broader insight into how global developments will impact workforces in the year ahead.
Our latest research shows that the top 3 people priorities for these organisations in 2023 will be to create a high-performance culture, develop new leadership capabilities and align purpose, vision, and values. These three priorities reflect the following three key trends we have identified in our research.
Our contributing researchers and HR auditors explore the changes happening in the world of work, focusing on three major trends that are shaping global people practices:
The Employee Experience will become “super-personalised”.
We will see an unprecedented level of personalisation in the everyday employee experience. The personalisation of consumer needs has been a challenge for organisations and now employees expect to be treated as “internal” customers. The rise of individual employee needs will have much further to run in 2023 – what has been “people centric” will become “person centric”. Only those businesses that can go the extra mile in providing a genuine and heartfelt commitment to their people in this way will generate the emotional reaction necessary to enable a high-performance culture.
Leaders will actively listen for the “heartbeat” in their organisation.
Leaders will develop new strategic skills, particularly that of “listening to the heartbeat” of the organisation. Leaders are effectively having to “double screen” their working world. They need to simultaneously think about long term horizons, while acting decisively in the short term to survive, not to mention to thrive. They, and the next generation of leaders they nurture, will need to place a more committed listening strategy front and centre, to win the emotional commitment of their teams for in preparation for disruptive challenges.
Positive Impact - the new “North Star” for better decisions.
A clear commitment to “positive impact” will be the new North Star for everything that enlightened businesses do in 2023. Positive impact among our Top Employer organisations can be defined and achieved in three ways:
- A “lived” purpose that works best when it comes straight from the heart of all employees after all - and remains a constant in their everyday decisions.
- The positive impact made by an organisation can only ever be as good as the views that it allows itself to hear. So enlightened attitudes regarding diversity and inclusion are not only important in their own right, but also for the forward momentum they create in all organisations.
- Sustainability is key, both in the way an organisation ensures its own continuity through a positive wider impact - and in the way it is perceived and behaves as a good employer.
2023 will be all about these three trends. They will show a powerful human shift towards respecting individuality and valuing difference. It is vital that we attend to these needs because old management models are no longer useful. The best companies listen - truly listen - to their employees, invest in the individual experience, and create a shared purpose that gives meaning to the everyday employee experience. For organisations that achieve this, the future, despite the uncertainty we see all around us, will be very bright.