HR Trends in 2023

As we prepare to end 2023 and enter into 2024, our team compiled a list of 7 HR Trends/Buzzwords that we saw the most this year.

#1: Employee Experience (EX)

The Employee Experience refers to the touchpoints an employee experiences with your company, from the hiring process through to the exit, and how they felt at each step of their journey. Employers that focus on providing a positive employee experience will reap the benefits such as more successful hiring, higher retention rates, and increased customer/client satisfaction. This will continue to be significant in 2024 as employers continue to compete for talent.

#2: Quiet Quitting

This refers to employees doing only the minimum required of their jobs as a means of rejecting hustle culture and establishing healthy boundaries. Quiet Quitting is very similar to “Bare Minimum Mondays” and “Acting your Wage” – terms that gained popularity for rejecting hustle culture.

#3: Loud Quitting

The opposite of “quiet quitting”. These are employees that want to make a statement against their employer and whose actions are disruptive or damaging to the company’s reputation.

#4: The Great Regret

After the Great Resignation during the pandemic, studies found that about a quarter of those that left for a new opportunity experienced remorse. Some employers have hired back those remorseful employees in 2023 (which sparked another debate about whether or not to hire them back!)

#5: Proximity Bias

Proximity bias refers to the tendency of some leaders to favour employees that work more in the office, leaving remote workers feeling left out and passed up for opportunities.

#6: The Big Stay

After the mass exodus of the Great Resignation, more employees have decided to stay with their employers in 2023.

#7: Well-Being Washing

Well-being washing refers to the practices of a company to support employee health through perks like healthy snacks or gym membership benefits, which is contrasted with a toxic internal culture.

Do any of these trends/buzzwords resonate with you?