Standing at the threshold of the future of work, The Workforce Institute at UKG, which provides research and education on critical workplace issues facing organizations around the world, surveyed employees and leaders across 10 countries to get a pulse of how they really feel about their jobs. According to the results, India ranked the highest with 66% of employees stating that they wouldn’t recommend their profession to their children or any young person that they care about, while 67% wouldn’t recommend their employers.
Employees and leaders alike, as has been found in this report, prioritize finding meaning in their work more than making money. We have to realize that with these shifting times, we are navigating towards a generation of workers who don’t necessarily rely on their job for survival: instead, their work is more personal to them in terms of adding value to their lives and fuelling their existing passions
Workforce burnout: 45% of employees worldwide don’t want to work anymore
There has been a recent rise in the anti-work mindset, globally, owing to the pandemic as 77% of employees around the world want to spend less time working and more time doing things that matter to them. Amongst the C-suite leaders, it is the younger leaders that are ready to bow out of work completely, especially those belonging to Gen Z (58%), who say they don’t want to work anymore. When compared to the C-suite leaders who are soon to be retiring from their jobs, 36% of the Millennial leaders and 33% of the Gen X leaders are ready to not work anymore. Therefore, a disinclination towards work is a phenomenon that is being observed across the ranks of employees and leaders alike.
Too much overtime affects the employee-employer relationship
If employees tend to work overtime more than twice per week, it strains their relationship with the employer and they’re even less likely to recommend their jobs or their companies to the next generation. This is evidenced by the more than half (58%) of employees, globally, who work overtime 3-4 times per week and wouldn’t recommend their profession to kids. 60% wouldn’t recommend the organization. The report distinctly shows that more money does not equate to job satisfaction for individuals, as most people have a transactional relationship with work and only 23% of employees genuinely enjoy their work and are passionate about it. In fact, 64% of them would switch jobs right now if they could.
With purpose and trust, 88% of employees look forward to work
Now more than ever, companies must prioritize the well-being of their employees, not just for better outcomes in the present, but for their long-term sustainability in the future. Employees in India topped the global charts with a staggering 89% saying that they are committed in their pursuit of a greater purpose at work