The annual report from Gallup on the State of the Global Workforce is out, and it represents the collective voice of millions of employees worldwide. Although employee engagement is rising, the majority of the world’s workers are still quiet quitting.
We’ve compiled the highlights of the report for you! The report can be accessed from this link.
Employee engagement reached a record high in 2022
After dropping in 2020 during the pandemic, employee engagement is on the rise again, reaching a record-high 23%. This means more workers found their work meaningful and felt connected to their team, manager and employer. That’s good news for global productivity and GDP growth.
The majority of the world’s employees are quiet quitting
Quiet quitting is what happens when someone psychologically disengages from work. They may be physically present or logged into their computer, but they don’t know what to do or why it matters. They also don’t have any supportive bonds with their coworkers, boss or their organization.
Nearly six in 10 employees fell into this category. When combined with actively disengaged employees, low engagement costs the global economy $8.8 trillion dollars, or 9% of global GDP.
Employee stress remained at a record high.
Worldwide, 44% of employees said they experienced a lot of stress the previous day. This is the second year in a row worker stress reached record levels.
Employee stress rose in 2020, likely due to the pandemic. But employee stress has been rising for over a decade. Many factors influence stress, but Gallup finds that managers play an outsized role in the stress workers feel on the job, which influences their daily stress overall.
In 2022, the world experienced a surge in job opportunities.
Every region of the world but one saw an increase in the number of workers who said now is a good time to find a job where they live. The exception was the United States and Canada region, which saw its own surge in job opportunities the year before.
The increase in available jobs signals that the world economy is open for business. But employers will have to pay more attention to retaining their most talented workers as a result.
Over half of employees are actively or passively job seeking.
Across the countries and areas surveyed, 51% of currently employed workers said they are watching for or actively seeking a new job.
Increased pay is a top factor in what people want in their next job. But improved wellbeing and opportunities to grow and develop are also highly prized by job seekers.
Engagement matters more than where workers work.
For organizations with remote-capable employees, there has been an ongoing debate. Which is better: Working remote, hybrid or fully on-site? Remote work can provide greater flexibility and eliminate commuting stress. On the other hand, being on-site provides opportunities to bond, collaborate and mentor.
Gallup analysis finds that engagement has 3.8x as much influence on employee stress as work location. How people feel about their job has a lot more to do with their relationship with their team and manager than being remote or being on-site.
Quiet quitters” know what they would change at work.
As part of the survey, Gallup asked respondents the following question, “If you could make one change at your current employer to make it a great place to work, what would it be?” Overall, 85% of responses related to three categories: engagement or culture, pay and wellbeing.