Many of the financial stress factors we saw in 2022 have made their way into 2023. Organizations around the country are trying to keep business as usual while facing some financial stressors that have sometimes led to hiring slowdowns, freezes, and even workforce reductions.

HR teams often end up sharing the stress and burnout caused by external factors just like any other employee. According to the recent HRE survey “What’s Keeping HR Up at Night?”, more than 76%¹ of HR professionals said their stress level has increased dramatically or somewhat in 2022. Additionally, this survey found nearly 72%¹ of respondents said they were somewhat or extremely concerned about losing talent over the next 12 months.

Keeping top talent and a focus on employee retention has been a focus for many organizations. Employees who feel listened to, respected, and fulfilled tend to be more loyal and engaged. Here are some of the top HR trends we are seeing and hearing about in 2023 that have the possibility to greatly impact employee retention:

• Focus on Financial Wellness
• Leaning Into Flexibility
• Overemployment
• Hiring Skills, Upskilling, and Reskilling

Download this perspective to help gain a more complete understanding of how each one of these top HR trends is having an impact on employee retention in 2023.
  
Source: hrexecutive.com¹