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Great Resignation continues, as 44% of workers seek a new job

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A survey found that nearly half of all employees want a job in the near future. It suggests the pandemic-era phenomena known as The Great ResignationThis trend will not stop until 2022.

Willis Towers Watson’s 2022 global benefits attitudes survey found that 44% of employees consider themselves “job-seekers.” Only 33% were active job seekers who searched for new work during the fourth quarter in 2021. 11% of these people planned to start looking in the first half of 2022.

Tracey Malm, the world leader for future of work risk and planning at the firm of consulting Tracey Malcolm said that “the data indicates employees are prepared to go elsewhere.”

In the December 2021/January 2022 period, 9,658 employees in large and medium-sized private companies across many industries were surveyed.

The Great Resignation

Also known as The Great Resignation or the Great ReshuffleThis has been the hallmark of the U.S. labour market since spring 2021. It was when the economy started to emerge from the pandemic hibernation. Businesses saw a growing demand for workers.

The number of job openings rose to historical highs. However, layoffs fell to new records. Payroll grew at a fast clipAs businesses vied to hire talent.

Nearly 43,000 people quit their jobsThe federal data shows that January saw just shy of the November monthly record. Nearly 48 million people gave up smoking in 2021. This is an annual record.

Data suggests most aren’t quitting to sit on the sidelines — a strong job market with ample opportunities and higher pay are luring them to find work elsewhere, according to economists. Others are. reinventing their careers altogether.

According to the survey, 56 percent of respondents said that pay was their top motivator for looking at other employers. A 5% pay increase would be a motivating factor for 41 percent of workers.

Inflation has been an issue for households, which have had to deal with it. This has impacted their budgets. outstripped raisesFor the average worker.

But almost 20% said they’d take a new job for the same pay — suggesting factors other than wages are important, too. Pay was ranked fifth by employees as top reasons to move.

Malcolm stated, “Some people are going to leave for a pay nudge,”

Malcom pointed out that remote work represents one of the most significant disconnects between employees and employers. The employees expect more remote work from their employers than what they have.

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Survey respondents currently work at least 26% from their homes, while 15% do the same between home or office. But, remote work is preferred by higher proportions (26 and 22% respectively).

“[Employers]They are preparing for a return to on-site [work],” Malcolm said. Companies need to watch what they rev up, as it might not be what their workers want.

According to the survey, remote work offers workers three main benefits: less commute time, reduced costs for going to the office, and easier management of family commitments. The top three disadvantages they see are: fewer social interactions, feeling isolated, and the greater difficulty to establish relationships.

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