{"id":20871,"date":"2023-01-27T07:45:00","date_gmt":"2023-01-27T07:45:00","guid":{"rendered":"https:\/\/benefex-dev.local\/en\/2023\/01\/27\/hr-trendspotting-2023\/"},"modified":"2023-01-27T07:45:00","modified_gmt":"2023-01-27T07:45:00","slug":"hr-trendspotting-2023","status":"publish","type":"post","link":"https:\/\/benifex.com\/en\/hr-trendspotting-2023\/","title":{"rendered":"HR Trendspotting 2023"},"content":{"rendered":"

A new year means new possibilities and a chance to start afresh with new and strong resolutions by putting employees first and letting them know that they are heard and valued! <\/span>Fast and Flexible are the key watchwords for the year. <\/span>Chris Wakely, our EVP of<\/span> International Sales, gave us <\/span>a rundown on key trends he sees happening in<\/span> <\/span>the<\/span> global market regarding HR, <\/span>what to keep an eye on, and how technology <\/span>can help in the changing needs of <\/span>employees.<\/p>\n

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As we know, the employers\u2019 role is changing, tell us about the changes you see happening to the employers\u2019 role in 2023.<\/span><\/h2>\n

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With international instability, an energy crisis and inflation at its highest in 40 years employees are more prone to look for support, stability, and help with the cost of living from the employer. Employers need, now more than ever, to adopt a people-first mentality and communicate a willingness for flexibility and provide support \u2013 the lines are much more blurred between work and home than ever before. <\/span>They also need to rethink their approach to attracting and retaining employees and taking <\/span>Gen Z<\/span><\/a>\u2018s flexibility, inclusion, and empowerment demands seriously. <\/span><\/p>\n

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So what do employers need to do?<\/span><\/h2>\n


Firstly, always remember that employees are all human, and have the same needs and wants as everyone else, treat them honestly and with empathy. <\/span>Use data-driven insights into the employees\u2019 needs and use the power of benefits in anything that isn\u2019t salary \u2013 think outside the box on what that means. <\/span>Not everything is about the salary, even though the cost of living puts a strain on the employees\u2019 overall well-being, especially now. <\/span><\/p>\n

Supporting financial stress, even with better advice will be critical over the next few years. The perfect storm of fixed-rate mortgages rising, fuel bills doubling, inflation rising far above salary and interest rates on things like car payments and debt doubling \u2013 everyone is really going to feel across all sectors.<\/span><\/p>\n

 <\/span>\"Trend_forecasting_2\"<\/p>\n

How are they going to do that?<\/span> <\/span><\/h2>\n


Thinking about what constitutes a benefit here is going to be the trick \u2013 traditional insurance and pensions may not be what\u2019s needed over the next few crisis years \u2013 do we deflect pension payments into cash or bill payments for a year?<\/span><\/p>\n

A holistic approach based on data-driven insights using surveys, employee focus groups and benefits data, is vital. <\/span>For example, although hybrid work may no longer be considered a benefit in all organizations, it\u2019s still valuable for employees to not have to commute every day, if not for money saved, for the improved work-life balance. <\/span>In Japan, many <\/span>global employers offer public transport cards<\/span><\/a> to relieve the rising costs of transportation for those who can\u2019t work remotely. In Germany, the focus is more on car benefits, Christmas bonuses and meal vouchers. <\/span>Really think about what people need now, we know it can\u2019t just be \u201cmore money\u201d but being honest and flexible with how benefits can support this will be key.  <\/span><\/p>\n

Benefits that provide IMMEDIATE relief on the cost of living will be a big trend in 2023. <\/span>People are going to start running out of money\u2026we need to hear the word from Wilkins Micawber in David Copperfield in our minds:<\/span><\/p>\n

\u201cAnnual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.\u201d<\/span><\/p>\n

\"Trend_forecasting_1\"<\/p>\n

How much effort will all this take, what does this mean in reality?<\/span><\/h2>\n


<\/span><\/strong>Certainly being able to react quickly in the market and to the environment is so important. If the last few years have taught us anything, we have no idea what tomorrow brings so prepare to be flexible and fast in all things.<\/span>
Technology can underpin this flexibility and speed and provide a better and more accessible experience for people in the moments that matter and bring the employer closer to the employee. Delivering modern and digital experiences with the right content and support will be more important than ever before.<\/span><\/p>\n

From a financial perspective, an employer must be clear and able to manage the cost of benefits, systems that allow better modeling of scenarios to look at the financial outcomes of implementing certain benefits, as well as the downstream impact of those benefits will be essential for tracking and managing the business case.<\/span><\/p>\n

So it\u2019s going to be a really interesting year to see what employers use and deliver to help get everyone through the next few years as reality bites for many across every level of the workforce! Benify will be there for guidance and advice and create fantastic digital experiences for our wonderful clients and their employees!<\/span><\/p>\n

 <\/span><\/p>\n

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Would you like to read more about current HR trends and benefits?
<\/em>{{cta(‘c4f825d9-7a70-4b04-ac01-e3a843aee9dc’,’justifycenter’)}}<\/em><\/p>\n

 <\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A new year means new possibilities and a chance to start afresh with new and strong resolutions by putting employees first and letting them know that they are heard and valued! Fast and Flexible are the key watchwords for the year. Chris Wakely, our EVP of International Sales, gave us a rundown on key trends he […]<\/p>\n","protected":false},"author":17,"featured_media":20872,"comment_status":"closed","ping_status":"open","sticky":false,"template":"tpl.news-post.php","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[728,730,724],"tags":[732,734,726],"class_list":["post-20871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-employee-benefits","category-employee-engagement","category-employee-experience","tag-employee-benefits","tag-employee-engagement","tag-employee-experience"],"acf":[],"yoast_head":"\nHR Trendspotting 2023 - Employees are Transforming Employers | Benify<\/title>\n<meta name=\"description\" content=\"All current trends tell us that the changing needs of employees are transforming the role of employers. 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