Five emerging career trends in 2023
Content Summary
- Goldilocks employers, hyper-flexible workplaces, the career lattice, paying it forward and CFOs as the new CEOs will characterise the employment market in 2023.
Australia’s leading professional accounting body has identified five emerging employment trends which it expects to see in 2023.
“The accounting profession is a global network of hundreds of thousands of business advisors. This gives us an extraordinarily insight into the labour market,” said CPA Australia General Manager Media and Content Dr Jane Rennie.
“Based on our observations, there are some strong career trends emerging. Employers and professions who get ahead of this curve will have a strong advantage in 2023.”
CPA Australia’s in-house magazine INTHEBLACK has launched its December/January edition, “Career, Elevated”. This special edition is focused on enriching professional careers, from graduate to mid-career and C-Suite executives.
“Based on past trends, we expect there will be a spike in jobseekers over the summer holidays. Now is the time for employees to reflect on their career and ensure they’re prepared for the changing professional landscape.”
Five career trends to watch out for in 2023
- CFOs as the next CEOs
“The pathway to CEO is evolving. Accounting and finance professionals are valued for their technical expertise and problem-solving skills,” Dr Rennie said. “These skills have been in high demand during the pandemic and other global crises. We expect to see more CFOs stepping into the top job in 2023.” - Hyper-flexible is the new hybrid
“Allowing employees to work from home will no longer be enough to attract candidates in a tight jobs market. Employers looking to differentiate themselves will start offering hyper-flexible workplaces. This will include international remote working and more employers may begin offering a four-day working week at full pay.” - The career lattice
“The concept of the career ladder is dead. Employees now climb a career lattice. Stepping sideways, changing industries and taking secondments into unexpected roles will become the norm. Non-traditional career paths build inter-disciplinary skills, which more employees will seek out and candidates can use as a selling point.” - Goldilocks employers
“Traditionally, many employees aspired to make a name for themselves at large, globally recognised. Others targeted small workplaces where they can have an outsized influence on business operations. But middle-tier, or Goldilocks employers, are becoming more popular because they offer the best of both worlds. We expect Goldilocks employers to become employers of choice in 2023.” - Paying it forward
“We’re only three years in and already the 2020s have been filled with emotional, financial and political upheaval. To compensate for this disruption, many employees now want their work to have meaning beyond earning a buck. We expect more people to specifically seek out work that allows them to pay their skills forward.”
These trends are explored in the December/January edition of INTHEBLACK available here.
Media contact
Jennifer Duke, CPA Australia External Affairs Lead on +61 438 502 389 or email: [email protected].
