BEERG Newsletter - Work: The “great resignation” will continue

The Great Resignation will continue apace in the year ahead as one in five workers say they are likely to switch to a new employer in the next 12 months. 

So says PwC’s Global Workforce Hopes and Fears Survey of 52,195 workers in 44 countries and territories. The survey finds that 35% are planning to ask their employer for more money in the next 12 months. Pressure on pay is highest in the tech sector where 44% of workers surveyed plan to ask for a raise and is lowest in the public sector (25%).

While an increase in pay is a main motivator for making a job change (71%), wanting a fulfilling job (69%), and wanting to truly be themselves at work (66%) round out the top 3 things workers are looking for. Nearly half (47%) prioritised being able to choose where they work. According to the survey:

• One in five say they are likely to switch to a new employer in the next 12 months
• More than a third plan to ask for a raise, but finding fulfilment at work is just as important
• Skilled employees are most likely to ask for promotions and pay raises and to feel listened to by their manager, while those lacking skills lack power in the workplace
• By a margin of more than 30 points, respondents felt discussing social issues at work has had positive rather than negative impacts on them
• But only 30% state their companies provide support to work effectively with people who share different views