- 'The Great Resignation' continues as cost of living forces workers to look for pay increases.
- Proportion of workers with money left over at the end of the month falls sharply.
- Workers who struggle financially are the least likely to be prepared for economic change and artificial intelligence.
- CEOs must 'reinvent' the workplace if they are to retain and develop employees.
PwC has released the 2023 Global Workforce Hopes and Fears Survey which details the attitudes and behaviors of nearly 54,000 workers in 46 countries and territories.
Despite a softening economy globally, 'The Great Resignation' looks to continue. One in four (26%) employees say it is likely they will change jobs in the next 12 months, up from 19% last year. Workers who said they are most likely to change employers include those who feel overworked (44%), struggle to pay the bills every month (38%), and Gen Z (35%).
Purpose, company culture and inclusion also remains key to employee concerns. Among workers who said they are likely to change employers, less than half (47%) said they find their jobs fulfilling compared to 57% of those unlikely to change employers. Those likely to change employers are also eight percentage points less likely to say that they can truly be themselves at work than their counterparts who intend to stay (51% versus 59%).
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