Flexibility is 2023’s Biggest Employee Demand and Human Capital Management Technology Can Help
Human Capital Management (HCM) technology is rapidly evolving to meet the new workforce changes of 2023. With the ongoing shift towards a more remote and hybrid workforce, as well as non-traditional career growth, companies are turning to HCM technology to better manage their workforce.
Ceridian’s 2023 Pulse on Talent Report found that many employees wanted flexible locations, flexible scheduling and overall, flexible career growth. Let’s explore these changes and how HCM technology can help employers manage the changes.
Flexibility in location
One of the biggest trends in 2023 is the continued rise of remote and hybrid work. As more employees work from home or other locations, companies are looking for ways to keep their workforce connected and engaged. HCM technology can help by providing tools for remote collaboration, performance management, and training.
Work-life balance for well-being
Another trend in 2023 is the increasing focus on employee well-being. Companies that embrace a flexible schedule and allow employees to set their own working hours know that work-life balance contributes to overall employee well-being and increases retention. HCM technology can provide scheduling tools and calendars so everyone on the team is aware of working hours. Also, HCM technology can help contribute to well-being by providing tools for wellness programs, employee assistance programs, and mental health support.
Non-traditional career growth
The idea of climbing the corporate ladder dominated the workforce for the last few decades. However, 2023 career discussions are centered around the idea of how career growth doesn’t have to be traditional or linear. According to the 2023 Pulse on Talent report, only 17% of respondents wanted to be senior leaders and only 14% wanted to be people managers. Instead, there is a growing demand to upskill and gain experience without the title of manager and the responsibilities that come with the role. This is why employees are asking for mentorship programs and internal mobility. HCM technology can support the flexibility in career growth by allowing employees and managers to create career plans together.
Explore two great solutions
OnActuate offers two types of HCM software that can benefit any organization looking to embrace these new changes in the workforce:
HCM technology is essential for companies to keep up with the ever-changing workforce. Companies that invest in HCM technology will be better positioned to succeed in the years ahead by retaining top talent and creating a happy and engaged workforce.
Ready to invest in your employees by investing in HCM? Contact us to discuss the opportunities.
