Daily Management Review

The "Great Resignation" Continues Since A Quarter Of Workers Seek New Jobs, Says PwC


The "Great Resignation" Continues Since A Quarter Of Workers Seek New Jobs, Says PwC
As the economy slows and they are forced to deal with inflationary pressures, a quarter of workers polled by PwC anticipate to change employment in the coming year, up from 19% the year before.
Even while the "Great Resignation" continues, PwC's latest assessment of the global workforce found that 42% of workers plan to ask for wage raises to cover the rising cost of living, up from 35% the year before.
A little over 46% of participants in the "2023 Hopes and Fears Global Workforce Survey," which surveyed 54,000 workers across 46 nations, reported that their households either struggled to make ends meet most of the time or every month.
"With the ongoing economic uncertainty, we see a global workforce that wants more pay and more meaning from their work," said Bhushan Sethi, joint global leader of PwC's people & organization practice.
In comparison to 47% the previous year, 38% reported having money leftover at the end of the month. Approximately one in five employees hold several jobs, with 69% of those claiming to do so to earn more money.
"Purpose, company culture and inclusion also remain key to employee concerns," the survey found.
Financially disadvantaged workers are also less prepared to take on future difficulties, such as investing in learning new skills and adjusting to the emergence of artificial intelligence (AI).
More than one third of the workers surveyed who reported having improved financial situations believed AI would increase their productivity, and a quarter said AI would lead to the creation of new job opportunities.
According to the survey, younger professionals, such as Gen Z and millennials (those born after 1981), anticipate AI will have a favourable impact on their jobs during the next five years.