2023 HR Challenges Report
The Society for Human Resource Management recently released its 2022-2023 State of the Workplace report, which reveals that organizations will face challenges in hiring and retaining employees in 2023. The report was based on surveys of HR professionals, HR executives, and non-HR employees, and highlights the difficulties organizations will face in offering competitive pay while also dealing with inflation.
According to the report, the top HR concerns for 2023 are inflation and labor shortages. Nearly three-quarters of organizations are planning to expand their workforce, making it increasingly difficult to find good job candidates. The challenge for HR will be to find the right balance between offering competitive pay and staying within budget, which will be impacted by inflation.
The report also mentions that the key priorities for organizations in 2023 will be finding good job candidates and retaining employees. The report confirms the predictions made by the SHRM in 2022, when they cited the twin talent challenges of recruiting and retaining employees as the most important issues for companies.
In conclusion, HR professionals and organizations will face significant challenges in 2023 when it comes to hiring and retaining employees. The report highlights the importance of finding a balance between offering competitive pay and dealing with inflation, while also making sure that organizations are able to expand their workforce.
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Preston University
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