About half of job seekers (45%) wouldn’t accept a job that didn’t offer accommodating hours, according to Randstad’s 2023 Workmonitor report. Additionally, about half of workers (48%) said they’d quit a job if it “prevented them from enjoying their life.”
The 20th Workmonitor report from the global HR services provider reveals that today’s economic uncertainty has heightened worker’s expectations and priorities. One of the largest studies of its kind, its 2023 version collated views from 35,000 employees around the world.
Here are the five key takeaways from the Workmonitor 2023 survey:
- Job security
Fears of a potential global recession are concerning many employees. The survey finds that 37% of workers were worried about losing their job, and more than half were concerned about job security as a result of economic uncertainty.
- Work-life balance
The current atmosphere of economic uncertainty hasn’t affected people’s desire for a better work-life balance, the survey says. Well over half (61%) of respondents wouldn’t take a job if it disrupted this, particularly younger workers aged 18-34.
The survey data shows that many older people are returning to work, while others are delaying their retirement plans, because of economic factors. It says there’s been a significant decline in those who planned to retire before 65, down to 51% this year from 61% in 2022.
The soaring cost of living has prompted many workers to seek financial help from employers, with 39% looking for pay rises outside of their usual pay review period, the survey results show.
“The events of the past three years have led many to reassess the value and purpose of work in their lives, and people are clear about what they want. A desire to achieve a sense of belonging in the workplace – as part of a team or the overall organization they work for – is driving career decisions for many,” Randstad says.
- World Economic Forum