The number of employees willing to change jobs next year has outgrown the count of the 2022 Great Resignation, according to the ‘Global Workforce Hopes and Fears’ survey of PwC.
While 19 percent of employees said they are likely to change employers within the next 12 months, 28 percent are willing to do so in 2024 itself.
The survey suggests job satisfaction has ticked slightly from last year with 60 percent of employees saying they’re very or moderately satisfied, compared with 56 percent who said so last year. But job satisfaction doesn’t necessarily mean employees will remain with their employer, and it appears much of the workforce is eyeing other opportunities.
Although 60 percent of workers feel extremely or very confident in their job security overall, a significant number say recent changes at work have them concerned about their job security. Taken together, it’s likely that many workers may be unable to give their best at work owing to increased stress and anxiety, fear of taking risks or decreased morale.
Unsurprisingly, the top factor employees say will help them do their jobs better is fair pay for performance. Out of the 82 percent of workers rated being fairly paid as very important or extremely important, less than three-fifths moderately or strongly agree their current job provides that.
The impact of generative artificial intelligence (AI) or GenAI is visible with 40 percent of employees who have used Gen AI in the past 12 months, saying it will fundamentally change their profession in less than five years. However, leaders must aim to engage all segments of their workforce in their vision for the future so that transformation efforts stick.
Workers and CEOs are on the same page when it comes to red tape, wasted time and organisational friction at work. Both feel about 40 percent of the time they spend on administrative activities is being spent inefficiently—and both believe Gen AI could help free up that time. More than 80 percent of workers who use GenAI daily expect it to make their time at work more efficient in the next 12 months.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
