Future World of Work 2023

Is the future of work flexible?

Summary

As the economy is still recovering from the Covid-19 pandemic, we’re living, working and building businesses against a backdrop of extreme geopolitical turmoil, the first inflationary recession in 50 years and a cost of living crisis that’s putting financial strain on millions of people.
These remarkable conditions are faced by individuals and businesses alike. We surveyed the market to better understand what this all means. Here’s what we learned.

We surveyed 4500 people, including 500 small and medium business owners, to understand what flexibility means to them, particularly in the current environment. Here’s a summary of what our research uncovered. Download the full report for a lot more insights.

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AT A GLANCE

67%

are experiencing a shift towards a greater proportion of their workforce being comprised of contingent workers.

60%

of businesses are reporting that members of their existing permanent staff are asking to move to temporary or contract positions.

70%

think the most skilled people will only work under conditions that suit them.

Table of Contents

1
Chapter One: Can flexibility ease the burden on people and businesses battling the cost of living crisis?
2
Chapter Two: What works in flexible companies - and what doesnt.
3
Chapter Three: Flexibility will prove key to plugigng the skills gap.
4
Chapter Four: Harnessing the power of technology to create and fund greated flexibility.

Richard Prime

Co Founder & CEO

Sonovate

Flexibility goes far beyond where and when people work; it encompasses policies that let workers move between permanent and temporary contracts, wider benefit packages and the right technology.

Opportunities

64%

Believe flexible working can alleviate the cost of living burden on their people.

67%

Of businesses believe flexibility is crucial when it comes to competing for the most sought after skills.

46%

Of individuals say contract working will be important at some point in their career - 31% increase from last year.

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How has the talent shortage impacted businesses?

62%

of companies think the cost of expected salaries could become a restriction to their ambitions

64%

of business respondents have increased salaries for their talent

62%

don't expect to be able to afford these inflated salaries for long

Future World of Work Event 2023

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Future World of Work Report 2023

Download your copy of this exclusive report today.

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