According to a new global survey by PwC, Great is set to continue resigning, with one in five saying they could change jobs within the next 12 months.
PwC launched its “Global Workforce Hopes and Fears Survey 2022” at the World Economic Forum in Davos on Tuesday, surveying more than 52,000 workers in 44 countries.
The consulting firm said in a press release that higher salaries, more jobs and the desire to be “really own” in the workplace put pressure on workers to change jobs.
About 35% of respondents plan to ask their employers for more money in the next 12 months.
“The findings are very clear … you see a significant number of employees concerned about their future employment and their job security,” said Bob Moritz, PwC’s global chairman at the forum.
However, “power now, we will argue – in the hands of the appointed people.”
A polarized workforce
Further compensation pressures are highest in the technology sector, where 44% of respondents working in the industry said they plan to talk about increasing according to PwC. In contrast, only 25% in the public sector say they plan to do the same.
“Skilled employees are more likely to ask for promotions and pay rises and feel listened to by their managers, while a lack of skills leads to a lack of energy in their workplace,” PwC wrote in a press release issued Tuesday.
Industries with the highest proportion of respondents who lack their skills Healthcare, technology, media and telecommunications.
“If those people think they have the skills, they are more confident to ask for new and different opportunities, they are more confident. … In order to negotiate a total reward package, they are more confident about the purpose they are fulfilling, “said Moritz.
The results of other surveys further indicate differences between employees:
- 70% of those who lack skills feel satisfied with their job, compared to 52% of those whose skills are not inferior.
- Women are 7 percentage points lower than men and say they have received fair compensation, yet they are less likely to want to raise 7 percentage points.
- Women feel 8 percentage points less that their managers listen to them.
- Generation Z (ages 18-25) workers are less satisfied with their jobs and twice as likely as Baby Boomers (58-76) that technology will replace their role in the next three years.
With a strong labor market, it’s even more important that companies adopt a “human-led, technology-driven approach,” said Carol Stubbings, PwC’s global tax and legal services leader.
“This means investing in both digital transformation and efficiency াস focusing on building the capacity of skilled workers, providing access routes for those who lack skills and automation that only frees people to do what people can.”
Work Perfection ‘Just as Important’
More money is the biggest motivation for job change, yet finding perfection in the workplace is “just as important” according to PWC.
About 71% of survey respondents said a pay rise would persuade them to change jobs, yet 69% said they would change employers to fill better jobs.
They are also interested in ensuring that … work is meaningful not only for the strategy of an organization, but also for the purpose of that organization.
Global Chairman, PWC
“Rewarding [work] New and different ways need to be defined, “said Mritz.” Employees are looking for job changes, especially when you think about how automation can help reduce boredom and some of the routine things they do. “
“They’re also interested in making sure that … the work is meaningful not only for the strategy of an organization, but also for the purpose of that organization.”
Employees want a workplace that allows them to be truly their own, with 8% of those surveyed pointing to this as an important factor.
Co-leader Bhushan Sethi said, “Employers’ role is not to tell employees what to think, but to share their feelings, to listen and to give them a voice, choice and a safe environment about how these issues are affecting their co-workers.” Services to people and organizations worldwide.
“Workers, especially young and ethnic minorities, feel the benefits of engaging in respectful and tolerant dialogue,” Sethi said.
While higher compensation remains the biggest motivation for a job change, finding fulfillment in the workplace is “just as important,” says PwC.
According to the survey, 65% of workers discuss “social and political issues” frequently or occasionally with colleagues. These conversations are more common among younger workers (69%) and ethnic minorities (73%).
About 80% of those who talk about social and political issues in the workplace report at least one positive result, while 41% of those who talk about social issues report a negative result.
“Different workforces will inevitably bring differences of opinion about major social issues in their workplaces,” Sethi said. “Leaders need to make sure that these discussions can benefit rather than divide the team.”
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