In this report the consulting company PwC studies the latest labour market trends based on a survey of employees in various industries.
The Roscongress Foundation presents the salient points of the publication accompanied by fragments of broadcasts of relevant panel discussions from the business programme of international events held by the Roscongress Foundation.
An increasing number of employees are planning to change jobs or ask for a pay rise.
The wave of resignations and job switches is showing no signs of slowing down. The results of the survey show that one in five employees are planning to change jobs. 35% of respondents are planning to ask their employers for a salary increase in the next 12 months. Pressure on pay is highest in the tech sector and lowest in the public sector. According to PwC, pressure to increase pay will remain intense over the next 12 months. Also, employees largely believe that their employers will provide the work options they prefer (in-person working, remote working, or hybrid working) in the coming year.
The report highlights the fact that women are less likely than men to feel satisfied with pay, less likely to ask for a raise or promotion and less likely to feel listened to by their managers. There are also large differences between workers who have specialised skills and those who do not. Workers with specialised skills feel more empowered to ask for promotion (37%) or for a raise (41%) in comparison to 21 and 25% of those whose job doesnt require specialist training. Also, the authors of the report note that younger workers are more concerned that technology will replace their roles.
Employees value safety and transparency on societal issues in the workplace.
More than half of workers say their employers transparency is very important to them, with safety and social issues topping the list. According to the results of the survey, 65% of respondents value the organizations record on protecting worker health and safety, 60% the organizations impact on the economy (jobs, taxes, wages, etc), 54% the organizations record on addressing diversity and inclusion in the workplace, and 53% the organizations impact on the natural environment (including climate change).
Only a small share of employees say that their companies provide support to work effectively with people who share different views, although discussions about political and social issues are an everyday feature of the workplace, with positive impacts outweighing negative. These conversations help employees understand each other, though, as the PwC analysts point out, employers need strategies to avoid negative impacts.
Gain more insights about labor market trends in the Labor Market, Standards of living, and Gender parity sections of the Roscongress Information and Analytical System.