Assessing the 2023 landscape

The compounding factors of slow economic growth, inflation and recession within the UK could well mean a continuance of budget restrictions for many organisations this year – especially when it comes to hiring new employees; meaning that businesses will need to invest in the learning and development of their existing employees and – for those that do hire – speed-to-competency of new recruits will be a critical factor in maximising training ROI, reducing operational risk, and fuelling business growth.

In turn, it is expected that more employers will look to their HR and L&D functions to further support in-role upskilling and job mobility; as getting the ‘right people’ skilled in their role should lead to greater levels of job motivation, satisfaction and business productivity.