Research by the ADP institute shows that parents aren’t the only ones who want flexibility in work schedules.
According to a workforce study that looked at the motives behind the Big Resignation, people are looking for jobs that don’t compromise their health, happiness, and family time. “People in the Workplace 2022: A Look at the Global Workforce“Noticing that many people are looking at all options to land this type of role, including part-time work, moving into a new industry, starting a business, and retiring temporarily.
Seventy-one percent of workers have considered a major career change in the past year, and 25% have thought about switching careers or taking a leave of absence. Another 20% said they could start their own business, switch to part-time work or retire early.
At the same time, 49% of respondents said they were very satisfied with their work and 41% said they were somewhat satisfied. People in the Asia Pacific region mostly feel optimistic about work in the next 5 years with 90% choosing this answer. This figure is only 5% lower than the satisfaction level before the pandemic. Europeans were the least optimistic with 78% feeling hopeful. People in North America and Latin America are on average with 85% optimism in both regions.
The survey included more than 32,000 people from 17 countries and included workers in gig economy. The survey was conducted in November 2021. According to the institute, the findings show a seismic shift in employees’ expectations for the workplace compared to pre-pandemic:
“The pandemic has put personal well-being and life outside of work into an ever clearer perspective, while reinforcing the desire for more favorable working conditions, including greater flexibility, telecommuting options or a better organizational culture.”
The five main findings of the study are:
- People are questioning the role work plays in their lives as well as the ethics of employers.
- Employees expect a raise this year, and many plan to ask for a raise.
- Payment is still a priority, but people will be trading money for more flexibility in business hours.
- Stress levels remain high with 53% of people reporting that their job is struggling due to poor mental health.
- People who work remotely are more likely to feel well compensated than those who work in-person.
Research by the ADP institute shows that parents aren’t the only ones who want flexibility in work schedules. 70% of parents and 68% of childless people want flexibility in working hours. Workers aged 18-24 and 55+ are most likely to want to set their own hours and locations. Research also shows that only 17% of the youngest workers say career advancement is important.
SEE: Is your work at the top of the Glassdoor list?
Nela Richardson, chief economist, ADP, said in a press release that the deposit has never been higher for employers who need to hire and retain workers.
“Our research highlights the extent to which employees’ attitudes toward work are changing, now favoring a broader and deeper range of factors of a personal nature,” said Richardson. “With recruitment and retention among the most important business issues, these disclosures present both challenges and opportunities for employers as they seek to keep workers stick around and get the job done.”
Richardson and Marie Antonello wrote the report for the research institute, which provides data-driven discoveries about the world of work and derives reliable economic indicators from these insights.
Changing jobs and industries too
The ADP researchers note that “the dynamics of changing jobs or moving into industries believed to be more resilient to shocks and recessions are increasing.” Only 25% of respondents think their job or industry is safe, compared with 36% in 2021.
Recent Research from BambooHR reinforces this finding. The survey of 2,012 American adults found that 88% of employed Americans could find themselves working in an industry other than the one they currently work in, with health care top choices (14). %), business/professional services (13%) and arts and entertainment (12%). Nearly all (94%) of Generation Z and (94%) of millennials could find themselves working in a new industry along with 84% of Generation X and 72% of Boomers.
BambooHR’s research also shows that 41% of Americans believe they can be unemployed for more than six months while remaining financially stable.
Anita Grantham, head of human resources at BambooHR, said in a press release that the survey showed people took a step back to think about what’s important to them and their priorities. surname.
“Our research shows that a profound shift is happening when workers are closely examining what they want in an employer and offering 180 career pivots,” said Grantham. level when necessary to find the salary and working environment they really want.”
BambooHR research suggests that people are looking for new jobs because of dissatisfaction with current employers. Thirty-eight percent of respondents said they felt less valuable in the past year than they’ve ever felt in their entire career.
Payment is also a problem
Although workers say diversity and fairness in pay are important, 33% say employees promote these efforts and 15% say no one is in charge. This answer is more common in North America and Europe than in Latin America or Asia Pacific.
The ADP survey shows that payment errors are increasingly becoming an issue for workers. 24% of respondents said they were always or often underpaid, 21% said they were always or frequently being paid incorrectly, and 23% said they were always or frequently being paid late.
In addition to the general stress of work, these payment problems are certainly contributing to mental health problems in the workplace. 67% of workers said they feel stressed at work at least once a week. This is up from 62% before the pandemic. Increased responsibility is the leading reason for this anxiety, which also leads to job dissatisfaction. Other major sources of stress include the length of the workday, problems with technology, and concerns about job security.
