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RECESSION, RETENTION, DEI, AND MORE: TOP HR TRENDS FOR 2023

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The last few years have been times of uncertainty and change—and there seems to
be more uncertainty and change ahead for 2023. Even without pandemic shutdowns,
near constantly changing circumstances create new challenges for Human Resources
departments. Like every year, several HR trends for 2023 have emerged.

Here are the top 10 HR trends for 2023 that you must work towards (with the help
of HR technology) this year:


WEATHER THE RECESSION BY EMPOWERING PEOPLE

A forecasted recession will present new challenges for companies and executives.
Layoffs have always been a common way for a business to reduce costs, but the
pandemic has given some employers a new appreciation for the flexibility of
loyal workers.

In the face of recession, HR professionals may have opportunities to strengthen
company culture and minimize layoffs. By proposing cost-saving alternatives to
layoffs, HR can take a more impactful role in company decision-making.

READ: Why CFOs Must Partner with HR and Utilize HR Technology


DEMONSTRATE VALUE WITH DATA & ANALYTICS

Some executives may be skeptical about the value provided by HR staff. Payroll
and compliance are obviously necessary, but historically, it has been harder to
quantify the value of less concrete HR trends.

With analytics and data, you can provide detailed reporting on Key Performance
Indicators and developing problems. If you decide to promote a performance-based
work culture, then analytics can graph the resulting improvements to efficiency.

Surveys about employee satisfaction and culture are inherently subjective, but
executives will be more impressed when your data shows results like reduced
turnover and increased productivity.

DISCOVER: How Technology Makes HR Reporting & Analytics Easier


IMPROVE RECRUITING AND RETENTION

Layoffs in other industries may give your company opportunities to hire new
talent. Existing employees also place a high premium on job security and
benefits. Your company can strengthen its workforce by improving retention and
recruiting.

Use virtual recruiting tips to pull applicants from across the country and
interview candidates remotely. Streamline onboarding to get new hires motivated.
Use employee portals to make benefits more accessible and improve retention.


ENSURE PRODUCTIVITY OF REMOTE, HYBRID, AND OFFICE WORKERS 

If you need a louder voice with company leadership, then improving productivity
is a great way to claim your seat at the table. While advocating for the
well-being of employees, you can also help improve productivity and output.

Remote and hybrid workers can keep the workplace flexible in responding to
unusual circumstances, like an office building closing for repairs or a global
pandemic. HR staff can facilitate better communication by setting clear
standards for email response times and work hours. Bring together different
stakeholders and departments to adapt to the changing needs that come along with
these 2023 HR trends.


BUILD A LEARNING AND DEVELOPMENT-BASED ORGANIZATION

During a recession, most employees value stability, but that doesn’t mean
they’ll settle for a dead-end job indefinitely. Development opportunities
encourage workers to see their job at your company as a “career” and long term
commitment.

Invest in Learning Management Solutions to cross-train employees and reskill for
new challenges. Professional development encourages learning, even in
departments without many opportunities for upward mobility. Open paths for
crossover between departments you’ll have more opportunities to fill openings by
promoting from within the company.

READ: Seven Reasons Why You Need a Learning Management System


AMPLIFY EMPLOYEE VOICES (AND THEN LISTEN TO THEM)

Some companies mostly disregard the feedback of employees.It’s important to
listen to what employees have to say. Sooner or later, they’ll happily take
their complaints elsewhere, and that negative publicity can make it harder to
attract new hires.

Quantitative problems like tardiness and absenteeism can be hard to
troubleshoot, but employees can be more specific about the changes they think
will improve the company. Workers are great for flagging redundancy and
inefficiency in existing company procedures, but they need someone to listen. HR
staff provide a great channel for filtering and amplifying the most constructive
feedback from employees. 

LEARN: Top Ten Tips for Improving HR Communication


CONTINUE TO ADVANCE DIVERSITY, EQUITY, AND INCLUSION

One of the top ten metrics for HR management is Diversity, Equity, and Inclusion
(DEI). Diversity is probably the most familiar term, recognizing that a healthy
business includes a cross section of people from different races, cultures, and
backgrounds. As your company grows, new hires should be able to represent the
different perspectives in your community.

READ: Improve Diversity and Inclusion with Your Learning Management System

Beyond the mere presence of people from different demographics, equity strives
for an even playing field, so that promotions and other opportunities are open
to everyone. Inclusion goes a step further by making sure that individuals get
included in group projects and gatherings, not marginalized and excluded.


PROMOTE MENTAL HEALTH AND WELL-BEING

Everybody gets “a case of the Mondays” occasionally, but neglected mental health
can erode a workforce. Employee well-being may not seem like the company’s
responsibility, but declining health and other well-being issues can affect
morale, sick leave, and turnover. If your company’s programs have a positive
impact on employee quality of life, then their appreciation can improve the
company culture and retention.

DISCOVER: 5 Tips to Support Employee Mental Health in the Workplace


FULLY EMBRACE HR TECHNOLOGY AND AUTOMATION 

When it comes to HR, technology (and the automation that comes along with it) is
a prerequisite. To maximize efficiency, the time has come to invest in
single-source software for employee management tools. Invest in a robust system
with all-in-one capabilities, and you can eliminate the tedious hassle of
manually transferring data every pay period. 

READ: HR Technology: Why NOW is the Right Time to Switch to Netchex


MOTIVATE EMPLOYEES WITH A SENSE OF PURPOSE

Automation scares people who see boring and repetitive tasks as part of their
job security. Fortunately, you don’t have to make an either-or choice between
upgraded software and human jobs. Improving technology allows you to re-focus on
bigger goals and productivity.

Use the opportunity to improve company culture and empower workers. When it
comes to HR software, you can use advanced reporting to tackle subtle problems
and measure results. Rather than removing the need for HR staff, you can free up
workers for more meaningful projects.


LEARN MORE ABOUT HOW NETCHEX CAN HELP YOU PREPARE FOR THESE HR TRENDS FOR 2023
AND MORE:


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