2023 Megatrends in HR

UKG researchers, thought leaders and social scientists reflect on 2022's developments and evaluate future implications for executives and their HR teams.

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DOES YOUR COMPANY PLAN TO UPGRADE OR REPLACE ITS CURRENT HR SERVICE DELIVERY OR WORKFORCE MANAGEMENT SYSTEM? IF SO, WHEN?

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We’re living in an era of relentless change and uncertainty

2022 brought continued or worsening economic instability, climate change, violence, and political unrest. Based on the impact of these challenges, UKG has identified three major trends set to impact organisations on a global scale in 2023 and beyond:

NAVIGATING THE HUMAN ENERGY CRISIS

People are feeling overwhelmed — and it’s impacting culture, retention, performance, and innovation.
OPTIMISING ORGANISATIONAL PLASTICITY

Organisations must adopt a growth mindset and move forward rather than fall back into pre-pandemic patterns and behaviours.
THE GEN X EFFECT

As Gen X executives take charge, more organisations will prioritise ESG and DEI&B investments. Their impact must be visible.

increase in the presence of anxiety and depression globally over the course of the pandemic

2.2

In 2023 the OECD predict low growth at 2.2% and high inflation at 6.6%

of CEOs in both Fortune 500 and Inc. 500 companies were Gen Xers as of 2018

Organisations and their employees are under siege, faced with enormous challenges that seem to be mounting by the day. The impact on organisations and their people is — and will continue to be — substantial.

But by closely examining and preparing for the latest trends in HR, your organisation can stay ahead of the curve.