Workspace trends to keep in mind for 2023
If you picture a modern workspace, it will seem ever-evolving and dynamically changing. A slew of era-defining changes includes the work environment, rapid economical changes, technological advancements and automation. This has called for the remoulding of the latest workplace trends. This blog is dedicated to understanding the latest workplace trends and what could really work for businesses in 2023.
Gen-Z stepping into the workforce
While each type of generation comes together with an era-transforming shift in demography, the workplaces now have a whole new definition. With each of its unique approaches, every generation displays a specific work habit & attitude; especially with Gen Z. The newest entrant in the fold is estimated to take up 40% of the global workforce. Gen Zs are tech wizards surrounded by the internet since they were born. Hence, they expect to work in a place teeming with AI-driven tools and digital softwares. This is a great way to integrate Gen Z with your business practices and strategies efficiently.
Remote & hybrid models are here to stay
In the constant battle between a traditional office and remote working, there has been a clear victory. The most significant facets of workplace technology and up-to-date modalities of work have cleared the way for remote working. The freedom and flexibility that comes with remote working through robust time management, communication softwares and training are here to stay. For instance, women can now manage work at home and office harmoniously. As per a study conducted by Flexjobs, 80% of organizations are propelled by the proliferation of workforce innovations, thanks to the digital nomads and allowing them to work remotely. As we move into 2023, inflexibility will be a deal-breaker for the workforce and they will naturally gravitate towards companies that allow hybrid models instead.
Flexible work schedules to boost productivity
With agile work structures to balance out remote and office working models, modern employees are naturally picking options that boost productivity and allow them to work from anywhere, anytime. Some startups with international hires from all over the world don’t have a central office to work from. Coworking spaces like Buzzworks and others are expected to get more popular from 2023 and beyond. This inclination along with technological advancements is pointing towards a flexible work schedule. An article by CNN stated the effect of the 4-day working model on a firm. The two-month trial showed that the employee work-life balance rose by 24%, engagement increased by another 20% and stress levels had fallen by 7%.
Massive investment in employee well-being
It’s no surprise that mental health is being prioritized as a response to the pandemic in 2020. Problems like anxiety and burnout have crept into the personal and professional front. Hence, employees and employers are offering undivided attention to such unnoticed issues. A large number of organizations are now focusing on employee wellness strategies such as fitness centres, counselling rooms, online training, and lounging spaces to name a few. Along with this, to manage the seclusion experienced by remote workers, organizations are investing in team building.
The era of gig-economy across businesses
The gig economy offers easy access to a wide range of skills through user-friendly platforms. It consists of 3 components: the consumer who wants the service, the gig worker and the platform that links that consumer to the worker. It presents all the benefits that gig workers crave with unparalleled flexibility and with significant cost savings for smaller businesses that can’t attract the right platform. As a result, the contemporaries are all about self-employment & freelancing. As per Forbes, in an order to practice flexible work schedules, they are moving away from the 9-to-5 which has shot the gig economy up by 15% in 2020. In the global market, it is estimated to boost to $455.2 billion by 2023.
In conclusion, be it dealing with the reinvention of a typical workplace or creating an ecosystem of ready-to-go lifestyle, we are looking forward to recovering from the traditional work-life scenario. By welcoming a new generation of the workforce, the idea revolves around boosting employee efficiency and engagement.