'Great Resignation' continues as quarter of workers look to change jobs, PwC says

Summary

According to a survey conducted by PwC, 25% of workers surveyed expect to change jobs in the next 12 months, up from 19% last year. 42% of the workers surveyed are looking to demand pay rises due to the higher cost of living, with 46% of respondents saying their households are struggling to pay bills each month. 38% reported having money left over at the end of the month, down from 47% last year. Younger workers, including Gen Z and millennials, expect to see a positive impact from artificial intelligence on their careers over the next five years.

Q&As

AI Comments

👍 The survey conducted by PwC on the global workforce reveals great insights on workers' financial struggles and how they are adapting to the rise of AI. It is encouraging to see that younger workers are expecting to see a positive impact from AI on their careers.

👎 It is concerning to find that only 38% of the surveyed workers have money left over at the end of the month, down from 47% last year. The 'Great Resignation' continues as a quarter of workers look to change jobs in the next 12 months, suggesting a difficult economic outlook.

AI Discussion

Me: It's about the "Great Resignation" continuing as a quarter of workers are looking to change jobs, according to a new PwC survey. The survey also found that 42% of the workers surveyed are looking to demand pay rises to cope with the higher cost of living, and 46% of respondents said either their households were struggling to pay bills or they couldn't pay bills most of the time.

Friend: That's really concerning. It looks like the economy is cooling down and people are struggling to make ends meet.

Me: Absolutely. It also shows that younger generations are expecting to see a positive impact from AI on their careers over the next five years, but those who are struggling financially may not be able to meet the challenges of the future, such as investing in developing new skills and adapting to the rise of AI. So, it's important for these people to find ways to keep their skills up to date in order to remain competitive in the job market.

Action items

• Research the current job market and identify potential job opportunities that align with your skills and interests.
• Develop a plan to acquire the necessary skills and qualifications to transition into a new job.
• Network with professionals in the industry to gain insight into the job market and to build relationships with potential employers.

Technical terms

Great Resignation

A term used to describe the trend of workers leaving their current jobs to pursue other opportunities.

PwC

An abbreviation for PricewaterhouseCoopers, a multinational professional services network.

Inflationary pressures

A situation in which prices for goods and services rise over time, resulting in a decrease in purchasing power.

Hopes and Fears Global Workforce Survey

A survey conducted by PwC that polled 54,000 workers in 46 countries.

Purpose

The reason or intention behind an action or decision.

Company culture

The shared values, beliefs, and behaviors of a company's employees.

Inclusion

The practice of including people from diverse backgrounds and perspectives in decision-making processes.

Artificial Intelligence (AI)

A branch of computer science that deals with the development of computer systems that can think and act like humans.

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