HRO Today EMEA January February 2023 - 10

HR Trends
"
In 2023, hiring levels will subside
which will be replaced by a
greater emphasis on companies
developing and growing the
talent they have. This in turn
means more strategy from HR for
learning and internal mobility.
- Mary Alice Vuicic, Chief People Officer, Thomson Reuters
This " right-sizing, " he argues, can be applied to diverse
areas of HR's responsibilities, from how many employees
are required at a particular time to where these employees
and teams should be situated. Should everyone be hybrid?
How many teams should be in the office? - and so on.
Managing costs are also impacted by this approach. " It's
no longer a case of trying to hire everyone, " he says. " It's
about finding the right people who are ready to work in the
right way. " After all, in this volatile marketplace, there is
always a chance that a position recruited now will simply
not exist in six months' time.
Hiring talent is also seen as an ongoing challenge by Mary
Alice Vuicic, chief people officer at Thomson Reuters. She
makes the point that in the current period of economic
unpredictability, the jobs which will be most attractive to
talent will be those based on " healthy, stable businesses
with proven models. " She notes that the previous trend
of talent moving towards more speculative technology
companies, such as cryptocurrency, has been replaced
by a search for jobs in sectors that have proven resilient
during previous times of economic downturn.
She too believes that hiring levels will subside but adds
that this will be replaced by a greater emphasis on
companies developing and growing the talent they have.
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HRO TODAY EMEA | JANUARY/FEBRUARY 2023
This in turn means more strategy from HR for learning
and internal mobility. " Leaders won't just lead, but they
will act as teachers and role model the behaviours needed
for employees to advance in their careers, " she says.
" Employers may decide to use budgets, not to entice a raft
of new talent with high remuneration packets, but to help
support existing staff through the cost-of-living crisis. "
The ongoing financial hardship is top of mind for Jason
Fowler, VP and head of HR, Europe services at Fujitsu.
He sees this issue continuing to rise in importance this
year, forecasting a decrease in the overall quality of life for
many individuals because of financial strain. " Employers,
therefore, are equally likely to find that their employees
expect more support from them to address this issue, " he
says.
Fowler predicts more friction and industrial action as a
result of the economic situation and an easing of demand
for labour overall as organisations retrench in response to
or in anticipation of challenging trading conditions.
" The skills shortage will not diminish, " Fowler adds.
" Therefore, those employers, and indeed those employee
representatives, that are able to find common ground and
pragmatic paths to compromise will ultimately prevail over
those drawn into protracted stand-offs. "
"
HRO Today EMEA January February 2023

Table of Contents for the Digital Edition of HRO Today EMEA January February 2023
