Pay is employees’ top concern, while employers prioritise talent retention and think staff are less likely to leave during an economic slowdown.
EY’s 2023 Work Reimagined Survey reveals that 34% of workers are willing to change jobs in the next 12 months, but 58% of managers think employees will stay in their current roles. Pay remains employees’ priority, cited by 35%.
The survey, which polled 17,050 employees and 1,575 employers across 25 sectors and more than 20 geographies, indicates a power shift since Covid – 45% believe it is held by managers and 31% think it favours staff. Pre-pandemic, those figures were 54% and 23% respectively.
Flexible working was cited by 84% of employers as crucial to attracting talent, but was important for 63% of staff. Among knowledge workers who use analysis or subject expertise in a professional office setting, 47% of employers and 37% of staff prefer working remotely two or three days a week. Fully remote working is backed by 52% of financial service workers.
The survey also shows that 49% of employees are or expect to be using generative artificial intelligence (GenAI) in the next 12 months, compared to 84% of employers. Despite this, GenAI skills training is a top priority for just 17% of employees and 22% of employers.
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