PwC Survey: More Individuals Wish to Change Job Now than During the "Great Resignation"

By Consultants Review Team Tuesday, 25 June 2024

In contrast to the "Great Resignation" era of 2022, more workers worldwide desire to change employment in the upcoming year, according to a PwC Global survey.

As per the '2024 Hopes and Fears' poll conducted by the consultancy, 28% of employees expressed that they are "extremely or very likely" to switch jobs. This amounted to 26% in 2023 and 19% in 2022. Based on a study of over 56,000 workers across 50 nations, the conclusions were drawn.

"Our survey suggests job satisfaction has ticked up slightly from last year: 60 percent of employees say they're very or moderately satisfied, compared with 56 percent who said so last year," it stated.

However, job satisfaction does not guarantee that workers will stick with their company; in fact, it seems that a large portion of the workforce is looking for new options. An increasing number of workers anticipate switching jobs over the next year, surpassing even the 'Great Resignation' of 2022."

Due to greater prospects, there was a considerable employment turnover during the "Great Resignation". The US Bureau of Labor Statistics (BLS) reports that 47 million workers left their jobs in 2021 and 50 million more in 2022. It was reported in 2023 that this outflow had slowed down.

According to the PwC poll, 45% of employees believe that over the past 12 months, their workload has "significantly" grown. Approximately 53% of respondents claimed that "too much change happening all at once". Sixty-two percent of individuals questioned stated that they had gone through "more change in the last year than I did in the 12 months prior".

"One-third of workers say they've experienced four or more significant changes at work in the last year, including their team structures and daily job responsibilities," according to the study.
"Leaders must support their workforce in new ways even as they accelerate change as the business evolves."

According to the report, Generative AI, or GenAI, is anticipated to significantly alter the workplace. Over eighty percent of employees who use GenAI on a regular basis stated they anticipate increased productivity from the technology in the upcoming year.

Nevertheless, there hasn't been much traction for using GenAI in the workplace yet. While 61% of employees claim to have used GenAI at work at least once in the previous 12 months, just 12% or 16% of workers report using it daily or even weekly (16%).

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