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Talent Trends 2023


THE INVISIBLE
REVOLUTION

Unravelling the most profound transformation of work culture since the arrival
of the internet – and how to thrive in it.

Download the report today

 

Uncover the new world of work where employees demand a competitive salary,
flexibility, career progression, and good company culture. Our data reveals a
job market transformation, and employers must rethink and recalibrate their
approach to retention in line with the changing workforce. They must get the
fundamental building blocks right to build successful talent strategies in this
new paradigm.  

 


KEY TOPICS

Our comprehensive Talent Trends 2023 study presents a profound
work culture transformation.

86%

of employees are open to new job opportunities 

 


AN UNPRECEDENTED SHIFT

Understanding the big change in loyalty

8
in10

would choose work-life balance over career success

 


TOTAL CULTURAL REVOLUTION

What sparked the Invisible Revolution?

#3
Career growth
#2
Flexibility
#1
Salary

The 3 most

important things to

get right 

 


THE WORK-LIFE EQUATION

Actioning 3 critical factors that will decide whether you thrive or merely
survive

Download the report today


MAIN TAKEAWAYS

 * Changes in employee attitudes and motivations have profoundly affected the
   talent landscape across all age groups, countries, and industries.
 * The changes we see today are here to stay; they are part of the continuum of
   change that followed the pandemic.
 * Job loyalty is now considered the exception rather than the rule. Even
   generally satisfied employees are open to better employment opportunities in
   the future.
 * The relentless cycle of resignations is not going to slow down anytime soon.
   It has become a new norm in an era of change.

Doug Rode Managing Director for UK and Ireland at PageGroup


WE’VE JUST WITNESSED THE MOST PROFOUND WORK CULTURE TRANSFORMATION SINCE THE
ARRIVAL OF THE INTERNET.

There has been a dramatic shift in workplace power dynamics, and employees are
now putting themselves first. They expect competitive salaries, flexibility, a
clear career progression path, and a work environment that is conducive to their
personal and professional goals.

Download the report today
 


ABOUT PAGE INSIGHTS

Page Insights is at the forefront of data- and insight-led recruitment,
leveraging key market intelligence to equip our clients with invaluable
knowledge of the workforce’s motivations, attitudes, and values. Our
comprehensive solution enables our clients to understand talent as people,
engage them with empathy, and ultimately make more informed and strategic
recruitment decisions. With our robust and intelligent talent strategy platform,
you can elevate your recruitment process to a whole new level of efficiency and
effectiveness.


FAQS

Is the Great Resignation still happening?

The Great Resignation, which gained momentum after the pandemic when a
significant number of people quit their jobs, has not died down. The rate of
resignations following the Covid-19 disruption didn’t return to normal.

In fact, our data shows that people are still quitting their jobs. A huge number
of employees who have not resigned plan to do so in coming months and are on the
lookout for better opportunities.

How important is work-life balance to employees?

Work-life balance is very valuable to employees as it can impact their overall
well-being, job satisfaction, and productivity.

Employers who prioritise and enable work-life balance may benefit from increased
employee engagement and retention. Employees and employers should communicate
openly and find ways to create a work-life balance that aligns with individual
needs and job requirements.

Flexibility has become an integral part of work-life balance, and companies must
adapt their ways of thinking about the employee experience to reflect this
reality.

Why are people job hopping?

Job hopping refers to the practice of changing jobs frequently, typically within
a short period of time. There are various reasons why people engage in job
hopping:

Better pay: Some individuals may switch jobs in pursuit of better compensation
and benefits, including higher salaries, bonuses, or other financial incentives.

Flexibility: Work-life balance and flexibility have become increasingly
important to employees. Some individuals may job hop to find roles that offer
more flexibility in terms of remote work options, flexible schedules, or other
work arrangements that better suit their lifestyle.

Career progression: Job hopping can be a strategy for career advancement,
especially for those seeking faster career growth or better opportunities for
professional development. Switching jobs may allow individuals to gain new
skills, experiences, and responsibilities that can accelerate their career
progression.

Dissatisfaction with current job: Individuals may job hop if they are
dissatisfied with their current job for various reasons, including poor work
environment, lack of growth opportunities, or conflicts with colleagues or
supervisors.

Changing vocational interests: Some may choose to change their vocation
entirely, exploring different career paths or industries to pursue their
passions or interests.

For employers, this trend presents an opportunity to stand out in the race for
talent. Pay is an area where employers need to align with the industry, but
career progression offers an opportunity to differentiate and compete on a more
qualitative, cultural level.

Is career development a priority when job seekers are choosing between roles?

29% of candidates prioritise working for a company that invests in their
professional development.

Career development is a critical factor that employees consider when evaluating
job opportunities. It encompasses various issues, such as opportunities for
skill development, advancement, and growth within an organisation. Here are some
reasons why career development is a priority for job seekers when choosing
between jobs:

Long-term career growth: Career development opportunities can provide a clear
path for job seekers to advance in their chosen field, acquire new skills, and
achieve their long-term career goals. Having a plan for career development can
help individuals shape their career trajectory and progress in their chosen
profession.

Increased job satisfaction: Professionals are more likely to be engaged,
motivated, and satisfied at work when they can access career development
opportunities. This can lead to higher productivity, job performance, and
overall job satisfaction.

Enhanced marketability: Continuous skill development and career advancement can
make job seekers more marketable in a competitive professional landscape.
Acquiring new skills, certifications, or experiences can help them stand out
among other candidates and increase their chances of securing desirable job
opportunities in the future.

Personal growth and fulfilment: Career development is not just about
professional growth but also personal growth. It allows individuals to challenge
themselves, learn new things, and fulfil their potential. It can also provide a
sense of accomplishment and fulfilment, contributing to overall life
satisfaction.

Retention and loyalty: Organisations that prioritise career development are more
likely to attract and retain top talent. Job seekers are often attracted to
organisations that invest in their employees' professional growth and offer
opportunities for advancement, which can result in increased loyalty and
commitment to the organisation.

In addition to enhancing employee retention and loyalty, career development
opportunities can lead to long-term career growth, increased job satisfaction,
enhanced marketability, and personal growth. The job seeker may thus benefit
from prioritising career development opportunities when evaluating them and
making informed career decisions.


ABOUT OUR
TALENT TRENDS 2023
REPORT  



In its inaugural year, the Page Insights Talent Trends report represents the
most comprehensive and robust study of skilled professionals across all
industries. The report combines data-driven analysis of key trends with
actionable insights into the 2023 job market to help businesses navigate the
shifting labour market and shape talent strategies for their organisations.
 
A total of almost 70,000 participants were surveyed across 37 markets in Africa,
Asia Pacific, Europe, North America, South America, and the Middle East over Q4
2022 and Q1 2023.

The report also provides employers with an end-to-end and complete understanding
of talent, revealing their motivations, attitudes, perceptions, beliefs, and
values. It identifies key drivers within both the hyper-local and global talent
landscapes in key areas such as salary, culture, values, work-life balance,
DE&I, and talent development. It is available in global, regional and local
editions.


ARE YOU LOOKING TO HIRE?

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×


DOWNLOAD THE REPORT TODAY




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