Yahoo Finance 5 emerging work trends in 2023
Flexible work, four-day work weeks and non-traditional career paths, these are some of the career trends that are expected to take off in 2023.
Professional accounting body CPA has encouraged Aussies to be prepared for what lies ahead and has predicted a spike in jobseekers over the summer holiday period.
“Now is the time for employees to reflect on their career and ensure they’re prepared for the changing professional landscape,” CPA Australia’s general manager for media and content, Dr Jane Rennie, said.
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Here’s what CPA is predicting for 2023.
1. ‘Hyper-flexible’ is the new hybrid
Employers will start offering ‘hyper-flexible’ work arrangements, including international remote working and four-day work weeks at full pay.
“Allowing employees to work from home will no longer be enough to attract candidates in a tight jobs market,” Rennie said.
Companies trialling four-day work weeks have reported positive results. Research by 4 Day Week Global, released last week, found companies experienced increased revenue along with reduced absenteeism and resignations.
2. The ‘career lattice’
Employees will now climb a ‘career lattice’ instead of the traditional career ladder. By taking non-traditional career paths, employees will be able to develop interdisciplinary skills, which they can use as a selling point.
“Stepping sideways, changing industries and taking secondments into unexpected roles will become the norm,” Rennie said.
3. ‘Goldilocks’ employers
Employees will look for workplaces that are “just right” for them, rather than seeking out positions at large, globally recognised companies or small workplaces where they may have an “outsized influence” on business operations.
“Middle-tier, or ‘Goldilocks’ employers, are becoming more popular because they offer the best of both worlds,” Rennie said.
4. Paying it forward
More Aussies will look beyond their pay cheque and will seek out work that has a positive impact. This follows the financial and emotional upheaval brought on by the pandemic.
“To compensate for this disruption, many employees now want their work to have meaning beyond earning a buck,” Rennie said.
“We expect more people to specifically seek out work that allows them to pay their skills forward.”
5. CFOs as the next CEOs
Lastly, CPA Australia expects more CFOs will be promoted to CEOs in 2023.
“Accounting and finance professionals are valued for their technical expertise and problem-solving skills,” Rennie said.
“These skills have been in high demand during the pandemic and other global crises.”
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