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The 2023 HR balancing act: managing job cuts, talent shortages, wage pressure and burnout:

February 1, 2023 by Career Moves Group

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With job cuts and unemployment on the rise and wages falling in real terms, day-to-day stressors are causing more and more employees to experience burnout. Indeed, the rate is unprecedented – 88% of UK employees have experienced at least some level of burnout over the last two years.  It is affecting job performance and also causing the UK workforce to seek out new roles in different sectors. This, coupled with a continued shortage of talent, indicates that HR in 2023 likely to be a bit of a balancing act. Here are our top pick of articles from around the web to help maintain equilibrium. 

​The UK workforce is job hunting

Despite the looming threat of a recession, nearly three-quarters (71%) of UK workers are going to be looking for a new job this year, with nearly one in ten (9%) hoping to move into an entirely new industry, new research reveals. For those wanting something new within their sector, Human Resources is the industry most likely to see the biggest movement.

Read the article>

Beyond burnout: what works and what doesn’t

Health organisations and employers are recognising that workplace burnout is a real and growing problem. Wellness initiatives are great – in theory. But there is a risk of wellness becoming another work stream for employees. So how can employers make a real difference and create lasting change?

Listen to the Podcast >

Switching up recruitment techniques 

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To keep up with a rapidly evolving job market, hiring practices need to change, too. Talent strategy expert Nithya Vaduganathan shares five crucial tips every hiring manager should know in order to fill those oft quoted skills gaps. 

Watch the video >

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Filed Under: HR Leadership Tagged With: Recruitment 2023, Talent Shortage

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