Despite the obstacles facing the workplace, 2022 marked the year that defined which companies were resilient, and which could be at risk in 2023.
Following supply chain issues, global tension and the threat of an economic downturn, companies spent a large portion of 2022 planning for the future — more specifically, how to survive it.
Experts continue to ring the alarm about an incoming recession, which could impact nearly every aspect of business operations. Many companies have attempted to address this in the form of cost-cutting measures, including layoffs. Although the path in which a company takes to reduce their risk will vary, the recession is expected to force companies to reevaluate their expenses in the new year.
Another trend that is expected to persist in 2023 is the labor shortage. While the recession will likely cool off the concept of the Great Reshuffle as workers look for stable income, industries that don’t modernize and update their employee benefits will lose in the competition for talent.
However, some businesses will look to fill labor shortage gap through automation. Despite fears over robots taking over jobs, this could be good news for dissatisfied professionals. Namely, automation and robots typically take over repetitive, often dangerous tasks. By doing so, the door for higher-skilled positions opens for human workers.
Instead of losing their jobs to modern tools, professionals will be able to work alongside automation, adopt new talents and skills, while boosting the efficiency of business operations.