As they feel increasingly overworked and underpaid amid constant cost pressures, more people are considering their options.
The PwC Auditor General’s Global Workforce Hopes and Fears survey of more than 56,000 employees around the world, published on Tuesday, found that employees are facing so many challenges at work that far more people are considering quitting their jobs in 2022 than they did at the time of mass resignations. He said there was.
With almost half of respondents being millennials, followed by Gen
What’s the reason? Increasing workloads, career ambitions and new technologies are permeating the workplace.
Almost half of those surveyed said their workload had increased “significantly” in the past 12 months. Workers also feel insecure about the pay they receive, with 43% wanting to ask for a pay rise. That’s not all. 62% of employees also feel that the pace of change in the workplace has accelerated over the same period. This is especially true as work requires adaptation to new technological tools and financial pressures increase.
Additionally, employees’ personal goals to expand their skills and advance their careers are also prompting them to consider taking the leap.
Overall, more employees want a break and think it’s better to move into a new role.
“Workers around the world are increasingly prioritizing long-term skills growth and are looking to organizations that can help drive this,” said Carol Stubbings, global markets and tax and legal services leader at PwC UK. luckHe added that emerging technologies such as generative AI and applications in the workplace are still front and center for employees.
“Ultimately, employees may consider switching for a variety of reasons, many of which will depend on their unique circumstances and the broader trends facing their region, industry, and role.”
Other studies on this topic have found similar results. For example, a LinkedIn and Microsoft survey of 31,000 people from around the world released earlier this year found that people were much more likely to quit their jobs in the year ahead than during the pandemic.
Europe and the growing pool of quitters
The Great Retreat may have originated in the United States, but Europeans were no exception. Countries such as France and Germany also face dilemmas related to jobs, salaries and benefits. last few places age.
Even in the UK, more workers considered quitting their jobs after the pandemic than during it. worker dissatisfaction In an age of rising interest rates and cost of living, more people are considering seeking greener pastures. It doesn’t help when employees quietly quit their jobs and give up their jobs, affecting productivity.
“It is important for leaders to prioritize wellbeing as a core value and an important driver of performance within their organizations. Overstressed and distracted employees are less likely to perform,” the PwC report said.
These trends indicate that the Great Resignation is continuing. What’s the only difference? We have moved from a period marred by lockdowns and remote working to a period of relative “normality” but still facing new challenges.
AI is one of them, according to a report by PwC. These platforms can help increase efficiency, making them invaluable in the workplace of the future.
Most CEOs believe technology is the reason for new changes in the workplace, but few employees use generative AI-based tools on a regular basis. That doesn’t mean they aren’t optimistic about AI, Stubbings said.
The study found that among respondents who are infrequent users of AI, 72% think the technology will improve the quality of their jobs, and half think it will lead to higher salaries.
Why do employees turn their attention elsewhere? most of them Data shows that many people who quit their jobs end up regretting their decision.
But will that stop a surge in the number of workers considering quitting? maybe. But PwC suggests managers go a step further to help employees navigate the tricky balance between all the changes happening at work and avoid feeling frustrated in the process.
“Companies need to provide guidance and mentorship on the types of skills employees need to build. It is also important to foster a learning culture where freely providing learning opportunities is part of the organization’s DNA,” PwC said in the report.
