Employees are either hunkering down or getting ready to bolt. Dichotomy in the workplace, constant upheaval and mixed messages are impacting the way people work and challenging organizations’ ability to retain and grow their workforce, according to a 2023 Workforce Report released Tuesday by iCIMS.
The findings identify key business trends and understand employee sentiment to help employers adapt talent strategies and be successful in the next year and beyond.
Holmdel-based iCIMS said the new research revealed one in three workers plans to look for a new job in 2023, but another third of workers plan to dig in with their current role, taking on more hours and responsibilities.
“New demands require employers to modernize their approach to hiring and retaining talent,” Laura Coccaro, chief people officer, iCIMS, said. “We need to help employees take ownership of their careers — ensuring employees have the right skills and are empowered to grow and evolve with your company will be essential in 2023 and beyond. After years of upheaval, the new year provides an opportunity for us to collectively reset and redefine workplace norms, organization structure and processes.”
According to the findings, employees want an even playing field for skills development and promotions. Nearly 60% of people believed they are more likely to get training or learning opportunities in an in-person environment. Women (41%) more so than men (32%) thought they were less likely to receive a promotion if they worked remotely.
Skills-based growth cultures wins over flashy office perks. Only 16% of workers said nontraditional work perks, like gym memberships, play a role in their decision to accept a job offer, but 78% noted that formal training programs are top of mind in their career decisions.
There is still room for improvement with diversity, equity & inclusion efforts. Belonging is fundamental to creating a workplace environment where all employees feel accepted and valued. Nearly 60% of workers ranked their company’s DEI initiatives as effective, yet most respondents are not seeing these practices in place at their workplace frequently (such as pronouns, celebrations of different cultures, unconscious bias training or allyship programs).
Economic uncertainty is driving the decision making of job seekers. Nearly 80% of workers do not feel financially or professionally secure right now, and 21% indicated that the economy is making them feel more anxious about keeping their jobs, which is impacting their mental health.
iCIMS’ research uncovered that 70% of workers do not know how to progress in their careers and less than half (42%) said it is easy to find and apply to open jobs internally.
Shifting priorities in the workplace means talents leaders need to remain agile to ever-changing talent needs. Today, 42% of employees said work is not their top priority and 63% reported that they work to live — not the other way around. As workers’ priorities shift, talent leaders must evolve with them.