PricewaterhouseCoopers (PwC) has reported on the challenges workers deal with globally, revealing a worrying trend of increasing workloads and pressure...READ THE FULL STORY HERE▶
The findings released in a new report titled, “PWC’s 2024 Global Workforce Hopes & Fears Survey”, shows that among 56,000 employees in 50 countries, many expressed worry about rising workloads, their health and well-being, and heightened workplace uncertainty.
Part of the report reads: “In the last 12 months, workers say they have experienced rising workloads (45%) and an accelerating pace of workplace change.
“Almost two-thirds (62%) report experiencing more changes at work in the past year compared to the previous 12 months, and 40% indicate a significant shift in their daily responsibilities.
“Additionally, nearly half (44%) express confusion regarding the purpose behind these changes.”
The report also shows that employees are now open to newer job opportunities.
The report further indicated: “Over a quarter (28%) indicate they are likely to change employers within the next 12 months, a significantly higher percentage than during the ‘Great Resignation’ of 2022 (19%).
“Among those contemplating a move, two-thirds (67%) cite skills as a crucial factor influencing their decision to either remain with their current employer or switch to a new one.”
Carol Stubbings, the Global Markets and Tax & Legal Services Leader at PwC UK also added that: “The employees are prioritising skill growth and embracing new and emerging technologies like GenAI to accelerate their career growth.
“The findings indicate that job satisfaction alone is no longer sufficient. In a rapidly changing technological landscape, employees are placing greater value on developing their skills.
“Employers need to invest in both their employees and technological infrastructure to reduce work pressures and retain top talent.
“Technology is fundamentally transforming the way work gets done and the types of skills employers are looking for. Employees are, therefore, placing an increased premium on organisations that invest in their skills growth so that they can stay relevant and thrive in a digital world.”
