January 16, 2023

2023 Job Market Outlook

Is remote/hybrid work here to stay in 2023?

In the post-COVID-19 job market, most companies went fully remote or hybrid. In 2023, most companies will likely move away from 100% remote work and transition to a hybrid work schedule. This will mean some employees will be returning to the office for the first time as many began their jobs fully remote. The push to be back in the office at least two to three days a week is aimed at improving company culture and fostering more teamwork.

Will companies be more prone to switch to a four-day work week?

Remote and hybrid work ignited the possibility of a four-day workweek. Many employees are more productive at home and tend to get work done faster during that time. Companies will see a trend toward the four-day work week in certain industries since many employees can be just as productive in four days as opposed to five. The important thing to remember is that it’s not a one size fits all. Some companies may function better with a short workday, but it is a big culture shift. Companies will need to look internally at what works best for their business and employees. We will see employers becoming more flexible with their employee's schedules in 2023.

Quiet Quitting has been a hot topic in the last 6 months, do you think that this is something that will continue into 2023?

“Quiet quitting” was a term that gained popularity in 2022, but what some don’t realize is workers have been fighting for a work/life balance long before the pandemic. Not everyone wants to climb the corporate ladder which often requires sacrificing time away from home. A lot of people want to go to work, do a good job then go home to their personal lives. The term “quiet quitting” may fade out, but the aspects surrounding it won’t because this is what the next generation is passionate about, and managers are finally listening.

How will the workforce be impacted now that young professionals look for companies that emphasize diversity, mental health support, and higher expectations of worth and value than ever before?

Companies who turned the other way surrounding these topics will now have to pay attention to them. Young professionals have swung the pendulum on issues surrounding diversity, mental health support, and the value of employees. If companies don’t pay attention to issues surrounding these topics, they will lose employees to companies that do pay attention to them. Employers are now more open to listening to their employees and including them in the conversations around making changes.

Is the time at which employees stay at one job changing?

With the younger generation entering the workforce, many professionals are staying at jobs for a shorter period of time due to several factors. Employers are getting creative to keep employees in a tight labor market. They are listening to new ideas, working toward driving better work/life balance, offering competitive salaries, and becoming much more flexible with schedules.  We think 2023 is going to be a big year for the job market and we can’t wait to see what’s next!

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