Top 3 Leadership Trends On The Horizon for 2023
By Audrey McGuckin, CEO, WOTW -
The last few years have been full of unexpected ups and downs for leaders everywhere. 2023 will likely be no different. The rapidly changing workplace will require new approaches to leadership from the C-suite to the front line. So, what leadership trends should you be ready for in 2023?
Trend # 1 – Prioritizing Purpose and Values-Based Leadership Within Organizations
There are several reasons why purpose-driven companies are industry leaders. In addition to creating and sustaining a strong company culture, financial success, and industry change, they promote cooperation and long-term success.
In a world filled with uncertainty, leaders who can define and live by a clear set of leadership principles and values will inspire confidence in employees, stakeholders and consumers. Workplace trends like the Great Resignation and Quiet Quitting have brought attention to the need for stronger, more ethical leadership. Toxic work environments and win-at-any-cost leadership styles will no longer attract top talent and, when publicly exposed, will drive away customers. At McGuckin Group and Women On Their Way, we believe that organizations that take time to pause and ensure organizational clarity will create a strong base for 2023,
Trend # 2 – Leaders who Inspire in a Hybrid Workplace
Leaders have faced the challenges of shifting from in-person workplaces to remote-only, to something in between. Balancing the needs of the business with workers’ preferences has created the need for new management approaches. In 2023, we will see a leadership evolution as managers develop new ways to create engagement, build teams and improve productivity in the hybrid workplace.
Consider your Leadership Brand – What do you stand for? How do you want to show up? How will you remain empathetic and also authentic? Spend time writing this down and finding ways to embody your brand. If you’re not clear on your brand others will make it up for you. Establish collaboration channels for inside and outside the office – location matters yet so does engaging everyone. Also, be careful not to exclude those not in the office.
Trend # 3 – Leadership Development is a Critical and Necessary Investment
Leadership is the most significant leverage point for making improvements throughout an organization. The challenges of today’s workplace are complex and require leaders to embrace learning new skills and adapting to a rapidly changing business landscape. As Baby Boomers retire at increasing rates and the workplace continues to evolve, the next generation will need to develop leadership skills. Organizations focusing on continuous development and learning systems for their employees will enjoy greater employee retention and engagement and be better prepared for an uncertain economic environment.
Ready to kick off your 2023 leadership strategy? Our proven methodology to transform managers into great leaders has helped more than 1 million executives in 60 countries improve their leadership skills and make more thoughtful decisions. Schedule a meeting with our Chief Client Officer, Erica Jossim. We’d love to help you.