More people are now considering their options as they increasingly feel overworked and underpaid amid continuing cost pressures.
Employees feel so engaged at work that far more people are considering quitting now than during the mass resignations we saw in 2022, audit firm PwC found in its global survey of workforce hopes and fears published on Tuesday, which covers more Of 56,000 workers worldwide.
The report, in which nearly half of respondents were millennials, followed by Gen
Their reasons? High workload, career aspirations and new technology swarming into the workplace.
Nearly half of those surveyed said their workload had increased “significantly” in the past 12 months. Workers are also concerned about the size of their wages, as 43% of them were keen to demand a wage increase. That’s not all, as 62% of employees feel that the pace of change in the workplace has also increased over the same period, especially as they have had to adapt to new technology tools in their jobs and increased financial pressure.
To add to the mix, employees’ personal goals to expand their skill set and advance their careers also prompt them to consider jumping ship.
In general, more workers feel better when moving into a new role, hoping to get some relief.
“Workers around the world are increasingly prioritizing long-term skills growth and are looking to organizations that can help them facilitate this,” said Carol Stubbings, director of global markets, tax and legal services at PwC UK. luckAdding that emerging technologies such as generative artificial intelligence and its applications at work remain at the forefront of employee concerns.
“Ultimately, employees may be looking to switch for a variety of reasons, many of which depend on their unique circumstances and the broader trends facing their geography, industry, and role.”
Other studies on this topic have also reported similar results – for example, a LinkedIn and Microsoft survey of 31,000 people worldwide, published earlier this year, revealed that a higher percentage of people were more likely to leave their jobs in The next compared to the epidemic period.
Europe and its growing group of surrenderers
The “Great Resignation” wave may have started in the United States, but the Europeans were not spared. Countries such as France and Germany also faced dilemmas related to their jobs, salaries, and benefits in the world last few Years.
Even in the UK, more workers considered leaving their jobs after the pandemic than during it. Factor Dissatisfaction It comes at a time when interest rates and the cost of living are rising, prompting more of them to consider looking for greener pastures. It doesn’t help that employees are also giving up their jobs by quietly resigning from the workplace, affecting their productivity.
“It is essential that leaders prioritize wellbeing as a core value and a critical enabler of performance within their organizations. Workers who are overstressed and distracted are less likely to perform well,” the PwC report said.
These trends point to a continued Great Resignation. The only difference? We’ve moved from a period of lockdowns and remote work to a period of relative “normality” that still faces new challenges.
The PricewaterhouseCoopers report found that artificial intelligence is one of them. Such platforms can help increase efficiency, making them invaluable in the workplace of the future.
Most CEOs believe technology is the reason behind new changes at work, but very few employees regularly use AI-powered generative tools. That doesn’t mean they’re not optimistic about AI, Stubbings said.
The study found that 72% of casual AI users among respondents believe the technology will improve the quality of their work, while half believe it will lead to higher salaries.
The catch for employees is to turn their sights elsewhere That most Data suggests that those who leave their jobs eventually regret their decision.
But will that stop the growing number of workers considering quitting? Maybe not. However, PwC suggests that managers step up their efforts to help employees navigate the difficult balance between all the changes in the workplace and not feel overwhelmed while they are there.
“Companies need to create guidelines and guidance around the types of skills employees need to build. It is also important to create a learning culture, where unlocking learning opportunities is part of the DNA of the organisation.