Expert-fueled opinions on the trends that will shape 2023
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Constant change has been an ongoing ingredient for most businesses since the Covid outbreak in 2020. Since then, the world has seen an energy and cost-of-living crisis, local skills shortages, and mass layoffs. These global events have naturally shaped new workforce trends and talent acquisition strategies, causing many leaders to wonder: What will 2023 bring, and how can companies prepare for these changes? The PANGEO Predictions by G-P series brought together some of the most prominent experts within the HR industry to reveal their favored trends for 2023.
EXPLORE THE PREDICTIONS
What Company Leaders Can Expect for the Upcoming Year
India will be the most significant tech hub on the planet.
Dubai and Singapore will be critical remote workforce hubs.
AI will move into more human-orientated sectors of the economy.
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Russ Shaw, Founder of Tech London Advocates and Global Tech Advocates
Expert:
How Biotech Will Transform Healthcare in 2023
Kevin Smith, Managing Partner at Sana Capital
Patient data donations will become as important as blood donations.
AI will minimize the need to invent new drugs.
Innovative tech sectors will come together to improve our health.
What Trends Will Impact the Employer-Employee Relationship in 2023?
Trayc Keevans, Global Foreign Direct Investment Director at Morgan McKinley
The job market will remain employee centric.
Company culture will be key to nurture engagement at work.
Counteroffers will no longer be viewed as an effective retention tactic.
Exploring Trust, Productivity, and Remote Work in 2023
Productivity standards will focus more on employee outcomes instead of time worked.
Company cultures that embrace flexible work will be better positioned to attract and retain top talent.
Management roles will evolve to successfully lead dispersed teams.
Zoltan Vass, Co-founder and Co-Chair of GTA Future of Work
Why 2023 Must be the Year of Career Flexibility
Wendy Muirhead, Managing Director and Regional Leader for Ceridian, EMEA
Employee feedback will reshape company policies.
Supporting employees' career aspirations will be critical to retention.
Companies will soon have a management crisis on their hands.
What Hiring Trends Can We Expect to See in 2023?
Johnny Campbell, CEO and Co-founder of SocialTalent
Talent demand will still outstrip talent supply.
Companies will turn to internal mobility to solve talent gaps.
Flexibility will be a means to save jobs.
How Tech Sector Layoffs and Economic Headwinds Will Impact the Workplace in 2023
Robert Mac Giolla Phadraig, CCO of Sigmar Recruitment and Founder of Talent Summit
Layoffs could tarnish the tech sector's reputation as a stable career path.
Laid-off tech workers will benefit other sectors.
Job seekers will need to showcase flexibility.
Exploring the Impact HR Tech Will Have on HR, Work, and Employees in 2023
Marc Coleman, Founder and CEO of UNLEASH
Big enterprise will get smarter if there is a global recession.
HR will continue growing as the most important business function.
Companies will turn to AI to streamline recruitment.
Exploring What Authentic Company Culture Should Look Like in 2023
Meagan Gregorczyk, Vice President of Talent and Employee Experience at G-P
Trivial benefits like free meals and massages will no longer cut it.
Companies will need to redefine what it means to be a manager.
Companies will invest more in burnout prevention.
Leverage the Anywhere Workforce to Build a Worldwide Brand
Nicole Forbes, Deputy General Counsel at G-P
Cultural acclimation programs will boost global mobility success.
Digital nomad programs and visas will grow in popularity.
Many countries will adjust tax guidelines to accommodate global mobility and digital nomads.
Global Recruitment, Global Compensation, and the Top Hiring Hubs for 2023
Stephanie Varner, Director of Global Compensation at G-P
Remote work will be a competitive advantage for global brands.
Companies will broaden their talent search to emerging global talent hubs.
Global compensation strategies will go beyond salary and benefits.
2023 Contingent Workforce Predictions and Challenges
Contingent workers will lean towards global employers who can deliver a flexible, non-traditional work environment.
Half of the U.S. workforce will be working in the gig economy by 2027.
Data protection and security protocols will increase due to intellectual property risks.
Hieu Williams, Partner at Hirschfeld Kraemer LLP
How Australia’s Industrial Relations Reforms Provide a Glimpse into the Future
Australia will consolidate as a talent-centric region.
Industrial relations reforms will bargain short-term pain for long-term gain.
Australia’s industrial relations reforms will likely spark an international trend.
Nicholas Potter, Associate Employment Counsel, APAC at G-P
Final Thoughts on What Lies Ahead
Investments in technology will accelerate digital transformation.
Data will become a strategic asset for global organizations.
Bleak economic times may strengthen tech firms.
Dhaval Gore, Partner Communities Director at G-P
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