2023 State of HR Report
Unleashing the Workforce
PASSION and POTENTIAL
Atty. Arlene De Castro
Chief of People and Customer Officer
What is the State of HR?
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Methodology
Key Points for the State of HR 2023 Report:
1.
2.
Survey is from March to May 2023
400+ HR Professionals (majority of Managers and Directors)
Key Points for the Benchmark Report for 2023:
1.
2.
Over 2,200 employees in various industries and companies in the
Philippines
findings are supplemented by actual anonymized data related to
salary benchmark, attendance, and attrition.
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Methodology
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Methodology
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State of HR 2023
Key Findings
Key Findings
●
On-site
work
prevails:
51%
of
organizations
follow
a
predominantly on-site working arrangement.
●
Half of HR professionals (50.5%) anticipate the adoption of
hybrid work in the near future.
●
Top HR focus areas: growth opportunities (43.4%), recruitment
(41.1%), and learning and development (40.8%).
●
Retention is the biggest pain point (20.9%) in 2023 and (21.4%) in
2022.
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Key Findings
Key HR priorities for 2023: Recruitment, Employee Services, and Employee Development
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Key Findings
State of HR 2023
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Key Findings
Compensation is less competitive in 2023
Key Findings
Compensation is less competitive in 2023
Key Findings
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Key Findings
●
42.6% of HR professionals were neutral regarding the impact of the Great
Resignation. Meanwhile, 32.4% observed no impact, and 25% recorded a
significant impact.
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Top three reasons for attrition: better opportunities elsewhere (36.2%),
compensation (36%) and lack of benefits (33.7%).
●
32.9% of respondents had a neutral stance on hybrid implementation, while
41.6% felt confident and 25.5% lacked the same level of confidence.
●
35.2% are neutral on productivity (remote/on-site), while 34.7% feel more
productive when working from home, and 30.1% report greater productivity
on-site.
Key Findings
Key Findings
●
31.4% of HR professionals are willing to adopt and upgrade their
digital HR tech stack.
●
53.3% revealed they are currently exploring various digital
transformation strategies.
●
46% highlight budget constraints as the biggest barrier to
successfully implementing digital transformation initiatives.
Key Takeaways from the 2023 SOHR Report
Employee satisfaction and retention have a profound impact on
organizations. Employees serve as the lifeblood and are the key
drivers of success.
Every HR leader is responsible for optimizing the employee experience,
creating an environment where they feel happy, engaged, and
productive.
Key takeaways:
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Smooth Transition to Any Working Environment
Elevate Compensation and Benefits Packages
Foster Retention with Engagement and Development Programs
Enhance Diversity and Inclusion Efforts
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Secure Upper Management Support for Digital Transformation
State of HR 2023
What now?
unleashing workforce
passion and potential
Unleashing workforce PASSION & POTENTIAL
ENGAGE
EMPOWER
EMANCIPATE
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E³
Unleashing workforce PASSION & POTENTIAL
ENGAGE
Total rewards system
Leverage on digital engagement tools
Regular coaching and mentoring sessions
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Unleashing workforce PASSION & POTENTIAL
EMPOWER
Contextualized learning and development programs
Competitive compensation and benefits
Flexible working arrangements built on trust
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Unleashing workforce PASSION & POTENTIAL
Build awareness on the multidimensional
aspect of workplace diversity to foster
equity and inclusivity.
EMANCIPATE
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LET’S PLAY THE EMPLOYEE
EXPERIENCE QUEST
MECHANICS
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Each table represents one (1) team.
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A scenario about employee experience, engagement, and retention will
be displayed on screen.
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Teams have 3 minutes to discuss the best approach to the issue.
●
The first three (3) representatives from each team will have the
opportunity to share their answers at the microphone.
●
However, only one team will be selected as the winner, and the entire
table will receive a prize.
ARE YOU
READY?
let’s learn & have fun <3
SCENARIO 1
In a department of your company, composed of employees with 5-7
years of tenure, there is a gradual loss of team members. During an
exit interview, one team member mentioned feeling stagnant in
their current role and expressed a desire for new challenges, but
lacked the opportunity to pursue them. As HR professionals, what
steps would you take in this situation?
2023 State of HR Report
Unleashing the Workforce PASSION
and POTENTIAL
Thank you very much!