5 Key Workforce Trends in 2023
As the year 2023 draws to a close, we’re looking back at some of the trends that shaped the professional landscape this year. At CFW Careers, we have witnessed these shifts firsthand, and we’ve been integral in helping our clients navigate and thrive in the face of change. Have you experienced any of these in your organization?
1.Manager Coaching: Throughout the year, the demand for manager coaching surged, reflecting a growing acknowledgment of its transformative impact. The stats on the ROI of leadership coaching paint a clear picture– studies by the Institute of Coaching reported that over 70% of individuals who receive coaching benefit from improved work performance, relationships and more effective communication skills, and 86% of organizations saw an ROI on their Coaching engagements. We saw company after company get on board this year and offer coaching across organizational levels.
How CFW Careers Helped:
Our leadership coaching services focused on equipping managers to lead effectively, communicate confidently, and foster team growth.
2. Upskilling for the Future: upskilling became imperative. Organizations, keen on future-proofing their workforce, invested in continuous learning and development programs, and the budgets for those programs are growing as we head into 2024.
How CFW Careers Helped:
We collaborated to identify skill gaps, providing strategic guidance to align workforce development with future industry needs.
3. Career Pathing as Retention Strategy: Career pathing emerged as a critical tool for employee retention. Organizations that actively supported career development witnessed increased engagement and loyalty.
How CFW Careers Helped:
We designed and implemented effective career pathing programs, fostering individual growth and organizational stability.
4. Strategic Sellers, Sales Leaders, Revenue Operations, and Performance Marketers - in high demand: Throughout the year, we saw continuous demand to hire strategic sellers, revenue operations leaders, and performance and growth marketers. Businesses sought professionals who could drive revenue growth and elevate their market presence. Skills in high demand included: data analysis, specific knowledge of certain industries, performance marketing and the ability to both design a strategy and execute on that strategy.
How CFW Careers Helped:
Our executive search expertise helped our clients hire top-tier talent aligned with their priorities and company culture.
5. Remote and Hybrid Roles: Meeting the Demand: Throughout the year, the demand for remote and hybrid roles continued, reflecting the evolving preferences of the workforce.
How CFW Careers Helped:
Our talent advisory services helped our clients navigate the complexities of return to work mandates and helped them hire top performers for remote roles.
As we reflect on these trends, we anticipate significant shifts in 2024. Increased importance for Learning and Development, the integration of AI into the workforce, and SEC Human disclosure rules for public companies introducing new layers of transparency around SEG are poised to redefine the professional landscape.
In navigating these trends, CFW Careers remains a strategic partner, offering tailored solutions to address the unique challenges posed by the evolving workforce landscape and committed to helping companies build high-performing teams that help professionals live to their fullest potential.