The workforce of 2023 will continue to evolve, resulting in more hybrid work policies and a greater focus on global candidates.

BY YOUNG ENTREPRENEUR COUNCIL@YEC

For INC.

Photo: Getty Images

Over the last few years, businesses have grappled with decisions such as offering permanent remote work, creating hybrid work models or requiring employees to return to the office. Businesses have also faced the impact of quiet quitting and the Great Resignation, which have made them think more deeply about hiring policies, employee benefits and retention rates.

In the new year, businesses are likely to see even more changes come about. Below, a group of successful entrepreneurs share their predictions for some of the workforce changes we might see in 2023 and how businesses can adapt.

More employee benefit offerings.

To improve retention rates, companies will compete with each other to offer the best benefits packages in 2023, says John Brackett, founder of Smash Balloon LLC.

“Insurance alone isn’t enough anymore,” Brackett explains. “Employees want flexible paid time off, access to paid tools and resources and paths to advance their careers. Brands that offer these benefits to their workforce will thrive.”

A deeper focus on company culture.

Many businesses have focused on improving company culture in recent years, and Blair Thomas, co-founder of eMerchantBroker, believes 2023 will be no different.

“If they haven’t already, more companies will focus on providing flexibility and strengthening their company culture,” Thomas says. “Those that do so will likely enjoy loyal employees and greater overall productivity.”

Greater consideration of global candidates.

According to Diana Goodwin, founder and CEO of MarketBox, the demand for flexibility will see more people going after remote job opportunities that aren’t location-dependent.

“The growing remote workforce presents fantastic opportunities for businesses that can now access a global talent pool,” notes Goodwin. “By offering employees more flexibility in their workday, businesses can attract and retain top talent.”

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