DigitalCFO Newsroom | 13 December 2022
As flexible working arrangements continue to be a focus, organizations should pay attention to the latest Future of Work trends that could determine the effectiveness of their strategies to attract, retain and secure quality talent in a tightening labor market.
The Great Resignation” and “Quiet Quitting” were the talk of the workplace off and online in 2021 and 2022, but what could 2023 hold when it comes to workplace vernacular? At Deel, we know a thing or two regarding work trends to watch out for. After all, we’ve onboarded with over 100,000 employees and contractors worldwide via our platform.
2022 saw a shift in the way we perceive the role of work and the importance of work-life balance – with more employees seeking flexible work arrangements such as fixed off-site days, 4-day work weeks, or flexible hours that empowers them to pursue their desired lifestyle and needs. As organizations continue to find the sweet spot between organization efficiency and employee expectations amid the hybrid work era, we’ve combed the internet, contacted contractors, and polled some people to compile 12 trends to look out for in the coming year:
- Overemployed (by choice)
Remote workers are gaming the system by using flexible hours and asynchronous tools to juggle more than one job at the same time. For them it’s all work, more pay.
- A Chief Remote Officer
With remote work on the rise and here to stay, the title of CRO is popping up on job boards everywhere. Most job descriptions entail all the elements around remote team set-ups, including hosting in person events, how to work in different timezones, comp strategies, and internal comms tools.
Work while traveling the globe? Well it’s now a reality and more often than not, seeming to become the norm. New tools like Deel are enabling people to not only work from their couch, but even those gorgeous huts on the water in the Maldives.
- Flex Holidays
Not everyone celebrates Thanksgiving, and with more and more companies embracing distributed work, teams are leaning into the idea of flexible holidays. More workers are getting the power to decide what holidays they take off instead of a one size fits all calendar. After all, global teams are, well, global.
- Gen Flex
The latest generation entering the workforce is having one of the most unique experiences in decades. While some entered during a recession, the latest generation has never even stepped foot in an office for work. Virtual work is…well, their reality.
Today’s workforce is putting flexibility and freedom at the top of their working requirements (and life). Now more than ever teams are trading perks for the non-negotiable of being a Flexetariat.
- Talent Snatching – Another day, another offer letter
In the midst of ongoing layoffs, one interesting trend is bubbling up. A bidding war for talent. Some workers are finding themselves working at one company for only a few months before getting a more appealing offer elsewhere, oftentimes out of nowhere. Talent Snatching can be savage, but competitive offers sure do have their benefits.
- Sukima – extra time is extra money
In Japan, Sukima is something young people are embracing. They’re turning free time into extra cash with new apps, such as Jobcase, Timee and LINE Sukimani, that help match them with jobs like waiting tables or making deliveries, so there’s no time wasted; just money earned.
- Casual E-Signatures
With apps like BeReal on the rise, Gen Zers are skipping the pleasantries for more… “authentic” sign offs and OOO replies. There’s been an influx of language like, “Lukewarm regards;” “Another day, another slay;” and “In case of emergency, dial 911; not an emergency, try Google.”
- Pick-up Parties – There’s a new type of tupperware party in town
Since less people are working from offices and together less IRL, people are finding new ways to connect at in-person brand events called Pick-up Parties. You order a product and instead of it being delivered to your home you collect it from an in person party event where you meet other like minded purchasers.
- Career Bouncing
Slightly different from salary bouncing (jumping from job to job in under a year to increase salary with each jump) – moving from one career to another, i.e teacher to marketer, to determine which career is preferable.
In a survey with Momentive Deel found that people are saving more than ever thanks to things like reduced travel, food expenses, and increased salaries. More than 59% have increased their salaries and 64% say they’ve increased their savings while working from home.