Will 2023 be the year you advance your career? Do you know the changes and new trends that will impact your career? If you’re looking for answers, these career experts have outlined some insightful revelations that you need to know about to effectively manage your career in 2023.
First, as an overview, here are the trends and employment changes I see and how they will impact you.
The red-hot job market will continue as employers scramble to find and hire top talent.
The No. 1 issue for employers in 2023 is going to be retention!
Layoffs will continue, especially in tech, but keep in mind as a few are sent home, most people in the industry will keep their jobs, and tech companies will still be hiring in 2023.
A new push by employers is going to center around upskilling to advance the skills of their employees and meet the employer’s current and future needs. Individuals will also see that lifelong learning is a key to their success. You can find great options for certificate and top-notch educational programs at Coursera and at Section4.
Artificial Intelligence (AI) will begin to play a more significant role in the hiring process and particularly in screening resumes. Amazon has been making big strides in perfecting this technology. Recently, Amazon laid off recruiters, and the company is supposedly replacing them with AI software. Where Amazon leads, others will follow.
Thirty-Two-Hour Work Week
Tracy White Brown, Chief HR Officer, Clark Nuber: More U.S. companies will take a serious look at the concept of working 32 hours a week and getting paid for 40. The idea behind the concept is giving your employees more free time while preserving their earning potential. This inspires them to be more productive with the time they do spend at work. There are many reasons for a company to consider making the switch, such as reduced turnover, increased productivity, cutting out the distractions, improved morale/job satisfaction, less absenteeism, enhanced well-being and a win in the recruitment arena. Not to mention with the workplace closed an extra day of the week there are company rewards around sustainability—reducing the carbon footprint of the business. Companies will dip their toes in by taking Friday afternoons off which is the least productive part of the work week. Once the company masters this, they can then take all of Friday off. Not all industries are equal; however, a large number of industries can make this work which makes for a much happier employee population.
Marie Artim, Vice President, Talent Acquisition Enterprise Holdings: Internal mobility is a difference-maker. With many economists predicting the labor market to remain smaller than the demand, it will be more crucial than ever for organizations to look internally for talent and prioritize the development of their employees. When employees receive robust training, they will feel empowered to seek internal opportunities for growth. In return, organizations will retain highly engaged employees, actively expanding their skills and knowledge while seamlessly increasing their commitment to the business. Who you have in your organization today will be vital to tomorrow’s hiring strategy.
For candidates considering new organizations and going through the interview process, it will be increasingly important to ask about training and development, along with the potential to explore new internal career opportunities and expand their knowledge base.
Adrienne Tom, Executive Resume Writer, Career Impressions: A new trend is taking shape. You must demonstrate both human-centered (soft skills) and business-centered (hard skills) content in your resume and career communications. Sharing results in a resume is a long-standing best practice that won’t change anytime soon. Employers need to know the metrics of your victories in a way relevant to their job opening. However, there is growing importance to going beyond business results in a resume.
You need to share the how and the why. A resume must provide a narrative of performing for the business (think measurable impacts: sales, improvements, cost-savings, efficiencies) while defining personality, attitude, and motivation (such as interpersonal skills: communications, mentoring, empathy, flexibility, adaptability, negotiation). This narrative hinges on using an authentic voice and blending soft and hard skills. Share how your work ties into the bigger picture and supports a company operationally and culturally. For example, if you are an IT professional, detail the projects you designed or implemented and how they improved business operations. But also emphasize how you worked with others, supported a mission/vision, communicated your thoughts, utilized constructive feedback, or acted resourcefully.
Suzanne Crettol, Head of Talent/Executive Recruiter, CommerceIQ: Put in the effort and reap the rewards. The tides are changing and shifting away from a candidate’s market to an employer’s market. Due to an influx of talented individuals looking for new employment, including companies taking a more conservative approach to hiring, open roles will be very competitive. Therefore, it will be essential to differentiate yourself from others by focusing on strategic methodologies instead of blasting the same resume everywhere and utilizing your network to include crowdsourcing initiatives.
Strategic methods include optimizing your resume and “interview pitch” to highlight skills specific to the role and company. First, thoroughly read the job description, deciphering what is essential and ensuring you use those keywords in your resume to influence search results via a company’s applicant tracking system (ATS). The number of applicants significantly goes up for each job posting in an employer’s market, so it’s imperative to focus on keyword optimization to increase the likelihood your resume will receive individual attention.
In a competitive market, you must stand out or risk a lack of visibility and getting lost in the crowd. Be bold in putting a creative stamp on your resume to capture the reader’s attention. Don’t stop there. Networking and crowdsourcing are more significant than ever, and people (even strangers) are eager and willing to help others. Increase the likelihood of getting a response by reaching out with a specific request, like a particular role you are interested in or guidance on how to best prepare for an upcoming interview.
Utilizing traditional methods like LinkedIn to network can be invaluable to the job seeker. There is another platform gaining traction called Fishbowl. Their app, downloadable via your phone’s app store, provides an opportunity to gain valuable insight into several topics broken up into “bowls,” including job postings, referrals, compensation, and corporate culture, all under the veil of anonymity. Anonymity is a critical differentiator that can lead to more “real” interactions and descriptive conversations that could assist a job seeker in making vital decisions about their job search.
Shelly Azen, Founder and Owner of unHR, an HR Advisory and Search Firm: With the increased use of collaborative online tools, decentralization and remote workforces, and online learning, there continues to be an increase in the requirement to be tech savvy in the workplace. Virtually no industry or job role is exempt from this ever-increasing demand. According to Finances Online, 90% of the jobs on the market today require employees to use digital tools as part of their work duties.
What does this mean for employers and employees? For employers, investing in technology tools will continue to be required. For employees, staying current with and being comfortable with functional specific technology will be critical for your success. Manual processes will continue to move to technology-based platforms. I have seen many employees try to stop this moving train, which does not work in their favor. Being an expert in the technology related to your job role can create new opportunities for you and help keep your skills sharp and needed by employers. Find more details in this Financesonline.com article “Top Career Trends That Will Matter Most in 2022/2023.”
Hannah Morgan, Job Search Strategist at Career Sherpa: This is the year of hunkering down (aka career cushioning). Given the unpredictability of the economy and some of the recent layoffs, it makes sense that the majority of companies will be in a holding pattern. This would mean making do with their current staffing levels, not necessarily laying employees off.
The employees will want to make the most of this situation. Employers will want to retain their employees and may have to find monetary and nonmonetary incentives to hold on to them. This could mean clearer career pathing, better mental health benefits, four-day work weeks, or continuing to offer flexible work,
For those looking for a new job, fewer jobs may be advertised, but by targeting employers and networking, you can still uncover excellent opportunities. In addition, salaries may level off, but it is still possible to find a better job opportunity with the work-life balance you seek.
Michael J. O’Leary, Executive Recruiter Managing Director, Kingston-Dwight Associates: Compensation and benefits will be at the forefront. Employers are getting more frustrated with the candidate’s focus on base salary and undervaluing other benefits/costs. This issue will start to boil if inflation persists in 2023. With so many and varied demands for benefits targeted at specific segments of the workforce, we are approaching a time when employers may consider giving a dollar benefit allocation to employees and have employees make choices.
Brenda Abdilla, Executive Coach at Management Momentum and Author of Outsmarting Crazytown: Having interviewed two CEOs of Denver’s most significant recruitment and placement firms, I inquired about what they think will happen in 2023. They both said Colorado is a market to watch because it passed a law requiring salary transparency, and many other states are expected to follow.
While both experts agree that companies are hiring more carefully due to the potential economic downturn, they say companies are still very much in hiring mode and expect wage increases. Employees willing to move can earn more. Companies not offering hybrid or fully remote work are going to suffer. Hybrid is here to stay.
Jessica Hernandez, President, Great Resumes Fast: Engagement among job seekers on LinkedIn will increase as more workers realize the benefit of being active and leveraging all the platform has to offer. Fewer professionals will be scrollers and instead become active thought leaders, starting conversations, sharing knowledge, and connecting with their target audience. This year I’ve seen a massive increase in job seekers looking for innovative ways to maximize LinkedIn, getting the most out of it. Many of LinkedIn’s powerful but lesser-known tools and features will gain traction with those open to new opportunities in 2023.
Matthew Warzel, President, MJW Careers: While some remote workers may settle for a hybrid setup as a compromise, some will most likely quit if forced back into the office. Some of these professionals even left larger cities in a mass exodus, such as the Bay area, to maintain a remote-based salary that’s relatively high while working in a more affordable location. And the worst-case scenario is that some remote workers will have to bite the bullet and return to the office. Many variables are outside of the geographical location in play, including the role, level, company, and industry.
Adam Brewer, Tax Controversy Attorney, AB Tax Law: Tax rules will limit remote work locations. During the pandemic, many local governments issued emergency orders that eased tax enforcement for remote workers. Unfortunately, those emergency orders have expired, and the local governments have a hole in their budgets that must be filled. For many remote workers, this means the tax collector where their employer is located and the tax collector where they live (and now work) will attempt to collect from the same income. If you’re a digital nomad and have lived and worked in multiple jurisdictions, the problem will only be more complex.
Employers without tracking where their remote workers live have greater exposure to unanticipated tax issues. We will see more businesses that allow remote work but limit where their employees can live and work. Work-from-anywhere may turn into work from a particular state or municipality.
Consulting And Freelance Opportunities
Mark Anthony Dyson, Career and Job Search Writer, Founder of “The Voice of Job Seekers”: Since the pandemic, we’ve seen consulting services rise, but in 2023, we’ll likely see more job seekers become consultants. Companies will see even slower hiring when in the middle of the year. More people will use consulting as a second job and seamlessly shift when they’ve left companies because of any separation. Companies will use more consultants than ever to save money on escalating healthcare costs. Companies may opt to pay less, and the costs would have to be picked by employees. Freelancers or independent contractors must understand the power of marketing themselves. The most successful freelancers are specialists who can utilize their skills across many different industries, not generalists looking for possibilities in any industry. The more specific the consultant is in their skill set, the better they can niche down to the sectors that can market themselves. Successful freelancers will display the power of marketing through social proof on their social channels and referrals from their clients.