Article: The Art of the Possible: 8 HR growth areas in 2023

C-Suite

The Art of the Possible: 8 HR growth areas in 2023

Learn bold and innovative people leadership strategies that are generating value for companies and talent alike and transforming the lexicon of modern business.
The Art of the Possible: 8 HR growth areas in 2023

If you’re excited for our newest podcast People Matters Unplugged, then get set for all the groundbreaking content we have in store for you and our entire community, courtesy of our high-powered guests.

People Matters Unplugged is launching Season 1 today and introducing The Art of the Possible – bold and innovative people leadership strategies that are generating value for companies and talent alike and transforming the lexicon of modern business.

Where do we see the ‘art of the possible’ in HR and talent in 2023? Here are eight growth areas that ‘Unplugged’ tackles in Season 1: 

Tackling the Asia-Pacific opportunity

With a global talent shortage hounding companies, many business leaders are looking to leverage technology to access the deep talent pools existing in the Asia-Pacific region. As we speak, APAC is already home to 60% of the global labour force, but there is still a lot of untapped potential in certain areas where businesses can look into.  

The evolving role of CHROs in Asia

Gone are the days when the Chief Human Resource Officer is confined in an isolated aspect of business that covers recruitment and retention. The post-pandemic world has made it clear that CHROs are in for a more strategic role in human capital management in the future, making their input invaluable. 

Curating culture in a hybrid world

The people-centred paradigm of business today has placed cultivating and curating culture front and centre of HR work. But how can HR professionals effectively curate culture when the world of business is going hybrid, and people are working on more personalised setups than ever before? Which technologies and techniques can be used as points of innovation?

Creating talent magnets 

The pandemic triggered a sharp change in employee behaviour. A shift in people’s priorities has triggered “The Great Resignation” and “Quiet Quitting” phenomena. Many companies have made adjustments to accommodate these changes, but there’s still a lot of room for improvement as the talent gap remains wide. However, we expect 2023 to paint a far more stable picture of business for years to come, which is a huge opportunity for HR to craft short- and long-term strategies for talent attraction and retention. 

Building capabilities 

Discussions about upskilling, reskilling, and career development and their role in the future of work have been building up in the past years. Now is the best time to walk the talk when it comes to building the capabilities of the modern workforce, just as the dust slowly settles after two years of work restrictions. 

Going agile 

Hybrid work has evolved two years after the pandemic. Companies have created various arrangements to suit not just their employees’ needs, but also their goals for organisational growth. But beyond crafting more flexible solutions to navigate the new normal of work, going agile is all about being ready to respond to the fast-changing demands of modern business. 

Putting digital at the core 

The pandemic sparked the digital shift across industries. But the past two years have been more like an experimentation of what’s possible and what’s not. Next year, organisations are expected to be more refined when crafting digital solutions, including those that touch the HR space. 2023 is the year when HR begins to harness the full potential of digital technologies.

Shaping HR-led business initiatives

Much like HR, the world of business is beginning to design customer and employee journeys better by listening more closely to the insights of HR leaders. By taking their rightful place at the C-Suite table, HR leaders should be bold enough to tackle business initiatives that can put the organisation ahead of the curve.

Ready for 2023? People Matters invites you to break free from old patterns of thinking.

You can find more insights in our newest podcast People Matters Unplugged: The Art of the Possible, launching today at 12 PM IST / 2:30 PM SGT. Subscribe now and be part of the People Matters community!

Read full story

Topics: C-Suite, Leadership, Culture, Talent Management

Did you find this story helpful?

Author

QUICK POLL

What is your top focus area for reinventing work in the hybrid world of work?

Can we take a more holistic view of how we reward people?

READ our latest issue for a broadened perspective.