Now, more and more people are considering their options as they increasingly feel overworked and underpaid amid relentless cost pressures.
Employees feel trapped in their jobs and many more are considering quitting their jobs now than during the mass resignations of 2022, auditor PwC found in its Global Workforce Hopes and Fears survey released on Tuesday, which covers more than 56,000 people worldwide. staff.
The report found that nearly half of respondents were Millennials, followed by Gen %.
What’s their reason? Higher workloads, career aspirations and new technologies are flooding into the workplace.
Nearly half of those surveyed said their workload had increased “significantly” in the past 12 months. Workers are also nervous about their pay, with 43% keen on demanding a pay rise. That’s not all – 62% of employees believe the pace of change in the workplace has also accelerated during the same period, particularly as they have to adapt to new technological tools at work and increase financial pressures.
To make matters worse, employees’ personal goals to expand their skills and advance their careers also drive them to consider changing jobs.
Overall, more and more employees are feeling better about moving to new roles and hoping to find some respite.
Carol Stubbings, global market and tax and legal services leader at PwC UK, said: “Workers around the world are increasingly placing a premium on long-term skills development and are looking for services that can help them achieve this. organize. wealthIt added that emerging technologies such as generative artificial intelligence and its application at work remain top of mind for employees.
“Ultimately, employees may seek to change jobs for a variety of reasons, many of which will depend on their unique circumstances and the broader trends facing their geography, industry and role.”
Other studies on the subject have found similar results, such as a survey of 31,000 people globally released by LinkedIn and Microsoft earlier this year that showed people are more likely to quit their jobs in the next year than they were during the pandemic. The ratio is even higher.
Europe and its growing community of ex-smokers
The “Great Resignation” may have broken out in the United States, but Europeans are not immune either. Countries such as France and Germany have also faced difficulties with jobs, wages and benefits over the past few years.
Even in the UK, more workers are considering quitting their jobs after the outbreak than during the pandemic. Worker dissatisfaction comes as interest rates and living costs rise, prompting more workers to consider looking for better job opportunities. It doesn’t help that employees are also quietly leaving the workplace and abandoning their jobs, affecting their productivity.
“It is critical that leaders consider well-being as a core value within their organization and a key driver of performance. Employees who are stressed out and distracted are less likely to perform well,” the PwC report states.
These trends show the continuation of the Great Resignation. The only difference? We have moved from a period disrupted by lockdowns and remote working to a period of relative “normal” but still facing new challenges.
Artificial intelligence is one of them, the PwC report found. Such platforms help drive efficiencies, making them invaluable in the workplace of the future.
Most CEOs believe technology is responsible for new changes in work, but few employees regularly use AI-driven generative tools. That doesn’t mean they’re not optimistic about artificial intelligence, Stubbings said.
The study found that among respondents who do not regularly use AI, 72% believe the technology will improve the quality of their work, while half believe it will lead to higher salaries.
The problem with employees looking elsewhere is that most people who quit end up regretting their decision, data shows.
But will this stop an increasing number of workers from considering quitting their jobs? Maybe not. However, PwC recommends that managers step up to help employees find the delicate balance between all the changes in the workplace without feeling overwhelmed at work.
“Companies need to develop guidance and guidance around the types of skills employees need to develop. Creating a learning culture is also important, unlocking learning opportunities is part of the organization’s DNA,” PwC said in the report.
