📷 Image Credits: Fortune
In the latest survey conducted by PwC, it has been found that the ‘Great Resignation’ wave is continuing due to the challenges faced by employees, such as feeling overworked, underpaid, and unprepared for the integration of AI in the workplace. The survey covered over 56,000 workers worldwide, with a significant increase of 28% in the number of people planning to change jobs compared to the previous ‘Great Resignation’ in 2022. Reasons cited for this shift include higher workloads, career aspirations, and the introduction of new technologies.
Employees expressed concerns about their increased workload, with nearly half stating a significant rise in tasks over the past year. Furthermore, financial pressure and the need for pay raises were highlighted by 43% of respondents. The rapid pace of change in the workplace, fueled by new tech tools and advancements, has led to 62% of employees feeling the need to adapt quickly. Additionally, personal aspirations for career growth and skill development are also prompting employees to consider seeking new opportunities.
The report emphasized the importance of organizations facilitating long-term skills growth for employees, with a focus on emerging technologies like generative AI. While the Great Resignation trend initially took off in the U.S., it has now spread to European countries like France, Germany, and the U.K. where workers are facing job dissatisfaction amidst economic challenges.
The survey revealed that despite the trend of resignations, a significant number of workers who quit their jobs often end up regretting the decision. However, the allure of finding a better work environment and achieving personal goals continues to drive employees towards seeking new roles. PwC suggests that managers play a vital role in helping employees navigate workplace changes and maintain a balance to prevent feeling overwhelmed.
Overall, the survey highlights a shift in the workforce landscape, moving from the turmoil of the pandemic to a ‘new normal’ phase marred by ongoing challenges and the integration of AI technologies. While CEOs acknowledge the impact of technology on work environments, there is a disparity in the regular usage of AI-powered tools among employees. Despite this, there remains optimism about the potential benefits of AI in improving work quality and potentially leading to higher salaries.
In conclusion, the survey underscores the need for organizations to prioritize employee well-being, skill development, and create a culture of learning to adapt to the evolving workplace dynamics effectively.
