Workplace Prediction - 2023

Source: Glassdoor

The COVID pandemic has changed the job market in a way that will never go away. Even though bad news about the economy, the cost of living, and political unrest have been making headlines all over the world, fundamental changes have still been happening, and the world of work isn't going back to how it was.

Because their populations are getting older, countries like the US, Canada, the UK, France, Germany, and Japan will always have trouble finding enough people to work. Without steady immigration, a rise in labour productivity, or a focus on bringing in workers who aren't currently working, these countries won't have enough workers to meet long-term demand for many years.

COVID didn't change the long-term demographic trends that will lead to tight labour markets for the next ten years, but it did speed up changes in the workplace. Possibly most importantly, it made workers realize that they have the power to ask for changes at work. Many employers didn't know how to deal with this new situation.

As per Indeed and Glassdoor the five modern workplace trends that will change the job market in the long run.?The identified trends will last longer than the short-term changes in the business cycle, and companies that pay attention to them will make sure their workplaces survive and even thrive in the future.

According to Indeed and Glassdoor, the top long-term trends in the job market are:

1. Because of population changes and people getting older, hiring will be hard for a long time because there won't be enough workers.

2. During the pandemic, working from home was a must. This will continue to be the case.

3. What employees want is changing, and so are their needs for pay and benefits. Inflation is a big reason for this.

4. Company culture is an important way for employers to stand out from their competitors and attract and keep good employees.

5. Diversity, fairness, and inclusion will stay at the top of people's minds because employees continue to care deeply about these initiatives and the progress, or lack thereof, that their employers are making.

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