Amid economic turmoil, a record-breaking number of workers, 86% in Europe and 76% in the US, are set to leave their jobs in search of better compensation, benefits, and fair performance reviews, making the Great Resignation a reality.
Summary:
A recent survey by Leapsome, a Berlin-based people-enablement platform, shows that 86% of European and 76% of American professionals are planning to leave their jobs within the next year due to compensation and benefits, as well as unfair performance reviews. The current economic conditions have seen a mass resignation from workers in both the US and Europe, with 4.5 million people quitting their jobs in November 2022 alone.
The survey also found that European workers plan to switch jobs within the next six months, while US workers plan to switch within the next 12 months. The reasons for quitting vary, with Europeans citing a poor performance review process as the top reason, while Americans cited poor work-life balance.
Despite the majority of respondents expecting layoffs, many feel confident taking things into their own hands and switching jobs.
Full Story: HERE (Sifted)
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Reference:
- https://fff.vc/economic-downturn-for-angel-investors
- https://www.leapsome.com/people-analytics-and-science
- https://sifted.eu/articles/employees-switching-jobs/?utm_source=sailthru&utm_medium=email&utm_campaign=flagship_newsletter&utm_content=08-02-23&utm_term=wants_main_newsletter
- https://app.fff.vc/post/edit/2025326866
- https://mondo.com/insights/mass-layoffs-in-2022-whats-next-for-employees/