7 Key Trends from the World of Work in 2023

We’ve all noticed a shift in the way work is approached in recent years, especially during and after the Covid pandemic. Remote work has become part of the norm. Traditional jobs are increasingly task orientated. And employees have a better understanding than ever of their own value in the job market. As such, the concept of work is more fluid than ever.  

How has the world of work changed and how can employers tap into these trends to secure top talent? Page Insights Talent Trends 2023 is a comprehensive study of white-collar professionals commissioned to improve our understanding of the world’s scarcest resource: human resources. We spoke to nearly 70,000 respondents in 37 different markets, and discovered some intriguing insights. Here are some of the key findings from our research. 

The “Great Resignation” signalled the start of a new era  

Remote work gained popularity during and after Covid-19. While it has allowed companies to access skilled individuals globally, people now have more opportunities than ever to seek better jobs without geographical restrictions. And that has led to enhanced confidence in getting a job and a greater sense of self-worth. In early 2021, conversations about the “Great Resignation” were largely thought to be over. However, our data showed the resignation rate rose in 2022, with 39% of the workforce actively seeking new roles — a figure that’s expected to continue to rise in 2023.   

Companies are adopting a more flexible mindset 

Traditionally individuals applied for a specific job, got hired and down the line, moved on to a different position. But the talent market is evolving fast. Instead of hiring for one specific role, companies may benefit from hiring individuals who can cover a diverse set of tasks without being limited to predefined job descriptions. This shift in thinking, together with the integration of technology, is pushing companies to be more innovative in how they approach work and tasks. 

Employees find seeking new opportunities easier than asking for a raise 

Our study found 82% of employees will explore external opportunities, with only 14% of people requesting a pay rise in 2022. This is perceived as easier than having a difficult conversation with their superior in which they have to prove their value, and as such, is a phenomenon that remains largely invisible to employers. Over half (55%) of respondents stated that salary is the most important piece of information in a job advertisement, so companies urgently need to establish more transparent offers that include clear pay structures and career development plans. 

An Invisible Revolution is underway  

Employees need to feel that the company is genuinely working for their benefit if they are to stay. One way to avoid an Invisible Revolution and ensure a healthy work environment is to implement regular, two-way check-ins for both employer and employee. These ensure that progress is not overlooked or neglected, and gives employers the opportunity to pick up on vital information within the talent landscape. This type of environment promotes transparency, and fosters a fair and open culture where feedback and suggestions are welcomed.  

Jobs are being replaced by tasks 

In the current environment, with abundant options and a desire for instant gratification, job loyalty has lost its lustre — 51% of employees have sought new opportunities and changed jobs since the pandemic began. Retaining employees now requires prioritising career progression, salaries and keeping the work exciting. Shifting the focus from jobs to tasks leverages previous knowledge and provides stimulation and variety, while allowing employees to work from anywhere demonstrates trust, appreciation and confidence in their abilities. Establishing dedicated task teams to address job satisfaction and flexibility without compromising on productivity is key. 

Work-life balance expectations are evolving  

Our study showed that 7 out of 10 people prioritise work-life balance and mental health over professional success. Nearly two-thirds (61%) said they would turn down a promotion if they thought it would impact their quality of life. By continuously assessing the broader market, employers can better understand the expectations of employees, while determining what actions are beneficial for business. Most importantly, it ensures the relationship between employees and employers is enhanced to create a positive and supportive environment that prioritises the well-being of all. 

The concept of work needs a more progressive approach 

Yet employers are struggling to keep up with workers’ expectations. Nearly a third (30%) of employers said that they found alignment of salary expectations their biggest challenge, while employees are demanding more and more flexibility. The time has come for much more progressive practices, including a more adaptable approach to hours and locations, job rotations and an environment that encourages experimentation and a task-oriented focus. By creating a culture of continuous learning, adaptability and employee engagement, companies can stay ahead in a rapidly evolving business landscape. 

Page Outsourcing plays a crucial role in assisting organisations with securing, attracting and retaining talent. We analyse all aspects of our clients’ long-term talent requirements to ensure a match in terms of volume, region, value and culture fit. Our focus includes enhancing employer branding, salary alignment, recruitment processes and diversity and inclusion. 

To find out more about how our extensive market analysis is helping companies achieve their HR goals, download our thought-provoking Talent Trends 2023 Report here.