HR leaders will have a big challenge on their hands moving into 2023 with big trends following the cost of living crisis and employees now expecting more support from their employers, however there are plenty of things to be hopeful for as we start a new year. We’ve covered a few potential HR trends in 2023 that you should be aware of and companies will need to prioritise what is more important for their business, and ensure their reward and recognition schemes are working for their people. Let the adventure begin….
Wellness Incentives
If 2022 is any indication, 2023 is expected to increase the emphasis on feeling good and give wellbeing more of a priority. We’re all in favour if it means elevating wellness to the top of HR agendas.
According to research, employees that are interested in the company’s long-term success usually appreciate the benefits of wellbeing. Employees are dealing with a variety of difficulties to their mental wellbeing during this challenging economic period. The companies that care and develop innovative methods to support their people through these trying times will succeed. Our wellness focused collection vouchers are a perfect employee incentive due to the large selection of relaxing experiences that your recipient can choose from, throughout the year.
Engaging with remote teams
Employees who work remotely have been experiencing loneliness and may have lost trust in their company because they may believe they are “missing out.” One-on-one conversations with managers are thankfully becoming more common, and virtual meetings are being organised specifically to offer rewards and praise in an effort to combat isolation. Additionally, in order to ensure fairness, organisations must take measures to stop on-site employees from receiving preferential treatment and benefits over remote employees.
Here are a few great ideas to keep your team members engaged who work from home:
- Online Quizzes
- Broadcast any office events or announcements to remote teams
- Set up competitions to win prizes
- Frequent team meetings
- Virtual Experiences e.g. an online group baking masterclass
A healthy work-life balance is becoming more popular than ever
According to studies, 46% of employees claimed that work-life balance was the reason they joined their company, compared to 36% who said income was the reason. Particularly given that the new legislation permits workers to seek flexible working arrangements from day one, many businesses are now offering a great deal of freedom in terms of an employee’s working hours and location.
Highlighting Employee contributions when giving rewards
The majority of current reward and recognition programmes often don’t provide any information regarding a person’s contribution. According to a recent Gallup workplace poll, employees require ongoing feedback to know whether or not what they are doing counts. As a result, it is critical to identify the specific contributions each person made in order to merit their award.
Providing a direct link between an employee’s excellent performance and their reward and recognition encourages more of the same and keeps momentum going. This is something that companies can improve upon in 2023 to boost both motivation and engagement amongst the team.
HR leaders will still have a big challenge on their hands moving into 2023 with big trends following the cost of living crisis and employees now expecting more support from their employers. We’ve covered a few potential HR trends in 2023 that you should be aware of, and a recent poll shows that one of the biggest challenges will be managing employee expectations. Companies will need to prioritise what is more important for their business, and ensure their reward and recognition schemes are working for their people.
To see even more HR trends in 2023, download our latest whitepaper below to see the full list:
