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Das Online-Magazin der Angestellten Schweiz

The Hopes and Fears of Working People

One in five employees is likely to switch to a new employer. A third of all workers is planning to ask their employer for a pay raise. Why? Professionals seek fair pay and fulfilment in the job. These are some of the main findings of the PwC “Global Workforce Hopes and Fears Survey 2022”. Find out more in the article.

“The great resignation is showing no signs of slowing down.” This is one of the conclusions of the PwC “Global Workforce Hopes and Fears Survey 2022”. PwC surveyed 52,195 individuals who are in work in 44 countries. Amongst them more than 1000 Swiss professionals.

A fifth of the workforce is extremely or very likely to find a new employer in the next 12 months. There are big differences in the generations. Only 9% of Baby Boomers (ages 58-76) want to switch, but 23% of Millennial workers (26-41) and 27% of Generation Z workers (18-25).

More than a third of the surveyed workers would like to earn a better salary. These people intend to ask their employers for a salary rise. The pressure is significantly higher in the technology sector (44%) than in the public sector (25%). If workers don’t receive a pay rise, it is likely that they will look for a new job. After all, the shortage of skilled workers is still very high, especially in the tech sector. In Switzerland and in other countries.

Fair pay and job fulfilment

What are the reasons for wanting to change jobs? “Workers who are likely to look for a new employer are less likely to feel satisfied with their current employer”, the PwC survey finds. Only 44% of the people likely to resign find their job fulfilling, 11% less than the workers unlikely to resign. 47% of those willing to switch say they can be their true self at work – compared to 58% of those not intending to switch.

When it comes to wages, the dissatisfaction is even more pronounced. Only 38% of those workers who intend to look for a new job believe they are paid fairly. However, the figure for the other group is also only 47%. This explains the large proportion of workers who would like to achieve a higher wage.

Respondents mention fair pay as the main reason for seeking to change jobs (71%). Almost as important, however, are the factors "I find my job fulfilling" (69%) and "I can truly be myself" ((66%). 60% each want to feel comfortable in a team or be able to be creative on the job. Interestingly, women are less satisfied with their compensation, but also less willing to ask for more pay or a promotion.

Not surprisingly, fair pay is the main reason for those surveyed to change jobs (71%). Interestingly, women are less satisfied with their compensation, but also less willing to ask for more pay or a promotion.

Almost as important as a fair salary, are the factors "I find my job fulfilling" (69%) and "I can truly be myself" (66%). 60% want to feel comfortable in a team or wish to be creative on the job.

Upskilling pays off

The survey underscores the importance of skills. Professionals who have scarce skills, skills that are in demand, have a clear advantage. “This group is more empowered on every dimension surveyed”, PwC states. Skilled workers are much more likely to ask for promotion (43% versus 23% without scarce skills) or a salary raise (47% vs. 27%). The fact that 49% of the skilled workers are willing to recommend their employer as a place to work indicates that they are treated well by the employer. Not surprisingly 70% of these workers feel satisfied with their job (compared to 52% of the less skilled).

For workers with specialized skills, the picture looks very similar. They too are significantly more empowered.

Having in-demand skills clearly pays off. It makes persons less likely to be replaced by technology, too. The professionals interviewed in the survey clearly see that risk. Only 19% of the baby boomers fear it, but they will soon retire. In the generation Z, however, the figure is 38%. 44% of them are concerned that they are not getting sufficient training in digital and technology skills from their employer.

Employees Switzerland helps you to continuously improve your skills. With our further training and our Career Booster, you will succeed in your upskilling. This will increase your chances in the job market and enable you to better realize your potential on the job.

Hansjörg Schmid

In the survey, you will additionally learn what the workers say about political and social issues in the workplace, about transparency and hybrid working.

Dienstag, 12. Jul 2022

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