Future of Work – Trends to look out for in 2023  

Here are some trends to look out for in 2023 with regards to ‘Future of Work’…. 

Increase in remote/hybrid work culture: 

Thanks to the internet and technological advancements that allowed organizations to function during the covid-19. Technology helped people continue their jobs, helped organizations to keep running and helped the entire world to stay connected without physical interactions or meetings. Although the pandemic made the tech organizational workforce resilient, we may not be able to foresee what the future holds for the job economy yet. As today’s workforce is comfortable working remotely, this trend will continue in 2023, thus reshaping and redefining the workplace from a small cubicle to the world at large, from any part of the world with something as minimal as a laptop and a good internet connection. 

Changing role of the leaders and senior management: 

Working remotely leads to many new trends that automatically emerge in Future of Work. In physical presence, leadership strategies were quite different. Now, planning, strategizing and brainstorming activities are happening in a virtual world through video conferencing, con-calls, etc. Leaders are expected to be more tech-savvy and proactive in meeting any new challenge faced by businesses. Keeping the employees motivated and reducing employee turnover (even if it is a remote worker) is of an utmost priority now. A leader needs to work as a mentor and play a significant role in running the business. Senior management needs to maintain transparency, communicate business goals clearly regularly and involve employees in decision-making. Strong leadership is trendy in Future of Work. 

Constant Upskilling and reskilling employees: 

Specialising in one skill alone is not enough to keep the employee going in the organization. Today workforce needs to learn and adapt to multiple skills quickly to align themselves with the goals of the organization. As technologies become obsolete, enterprises need to invest time and effort in reskilling and upskilling their workforce regularly so that they stay agile with future roles and responsibilities effectively. The workforce not only needs to gain IT skills but also other skills in problem-solving, analytical thinking, decision-making, and pro-activeness. These skills will in turn take businesses to the next level.  

Reskilling programs must be introduced to bridge the gap between the skills required and the actual talent skills available within the organization. To implement this, robust training in relevant courses and live projects should be provisioned to employees to improve knowledge and skill competence effectively. Thus, the Future of Work is characterized by reskilling and upskilling! Specific skills have become more important than formal qualifications and past work experience.   

Adapting to latest technologies effortlessly: 

With the advent and popularity of AI (Artificial Intelligence) and Data Science, for any company to be successful (whether an IT company or a non-IT company) digitization is a must. The more a company is well digitized, the more success rate it has. Latest software applications with potent tools and agile technologies should be incorporated to gain niche over others. Novel digital solutions should be integrated into internal as well as external processes. The workplaces have become more diverse with virtual collaboration platforms allowing us to connect with people anywhere and anytime. So, the Future of Work involves a lot of Digitization, Artificial Intelligence (AI) and Data Science.   

Keeping the interests of the workforce at the top: 

Human resource is the most expensive resource for any organization. If your employees are happy and motivated, they will automatically perform well and invest their best to achieve the goals of the organization. Undoubtedly, it is crucial for any tech enterprise to keep up with employee motivations by keeping their interests as one of their top priorities. Employees should be encouraged to feel as a contributor to the welfare of the organization so that their efforts will lead to better outcomes in the coming years. Flexible work policies will help employees to work remotely in an efficient manner and maintain work-life balance. Enterprises should focus on providing employee benefits and a happy and positively functioning ambience. 

Creating a culture of effective communication and transparency: 

Effective communication is critical for the success of any organization. Today, as employees are bombarded with a lot of information from different directions, it is crucial for leaders to keep their communication channels efficient, clear, and transparent. Employees should be well-informed about the goals, changing trends, and new policies laid down by the management. Employee welfare is a vital parameter that no organization must overlook. Communication channels like video conferencing, intranets, and instant messaging should be used wherever necessary to avoid communication gaps. Therefore, Future of Work involves streamlined communication between the organization and the workforce. 

Hard Skills v/s Soft Skills: 

Apart from equipping the workforce with hard skills like AI, machine learning, digital marketing, data analytics, soft skills are equally essential for fostering critical thinking, logical reasoning, leadership skills and problem-solving skills. In fact, most times, soft skills are more effective in taking strategic business decisions and communicating the same to the employees in a clear and cohesive manner. The Future of work outlines the necessity for employees to be trained in soft skills in order to thrive in a highly competitive and disruptive environment. 

Emphasis on sustainability: 

Sustainability will be a key focus area for most tech enterprises moving forward. What exactly is sustainability? Sustainability refers to the art of keeping a system or a process in place for a period. Sustainability keeps a check on the resources available in the organization and helps to make the best use of them. Talent acquisition and development decision-makers should work towards setting up and implementing sustainable goals and ensure that the company resources are well optimised for both short-term and long-term strategies. So, Future of Work will involve best practices for the sustainability of tech enterprises for the wellbeing of everyone.   

Conclusion: 

To conclude, ‘Future of Work’ involves some exciting trends to look forward to in 2023. These trends are inevitable factors significant for the growth of any organization considering the current market scenario. If they are successfully implemented, the Future of Work looks very promising and progressive to ensure a resilient workforce transformation for every organisation! 

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