Big FourBusiness

Almost 20% of workers to quit in the next 12 months, PwC finds

PwC said realignment on matters between employers and employees will be critical to bring stability back into the economy, due to the Great Resignation

Almost one in five UK workers are very or extremely likely to switch to a new employer within the next 12 months, and 16% are planning to leave the workforce temporarily or permanently, according to PwC’s Workforce Hopes and Fears survey.

The survey looks at 52,195 workers across 44 countries, and it includes over 2,000 respondents in the UK. It also found that 27% of UK workers are planning to ask their employer for more money in the next 12 months, while 35% of workers globally are planning to do the same.

Particularly, pressure on pay is highest in the tech sector where 42% of workers globally plan to ask for a pay rise, and it is lowest in the public sector (12%).

Additionally, UK respondents from a higher income group (66%) were more likely to report that their jobs could be done remotely or from home, compared to respondents from lower income groups (44%).

Respondents on lower incomes are also less likely to report as very satisfied with their job (18%) compared to respondents on higher incomes (36%).

Sarah Moore, people and organisation leader and head of purpose at PwC UK, said: “Employer and employee expectations of work life, reward and progression are no longer aligned and the job package on offer is being questioned by employees as they weigh options and what matters to them.

Business leaders need to keep an eye on how their decisions are contributing to creating winners and losers among their workforce and wider society. The survey shows there is polarisation between skilled and unskilled workers, women and men, younger and older generations, senior level workers and those below manager.”

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