35% of workers across the globe are planning to ask their employer for a pay raise. This will be in the next 12 months, a survey from PricewaterhouseCoopers has revealed.
The survey said pressure is highest in the technology sector where 44% of workers plan to ask for a raise. And then lowest in the public sector, where only 25% are planning to ask for a raise. According to the PwC’s Global Workforce, Hopes and Fears survey of 52,195 workers in 44 countries. The Great Resignation will continue in the year ahead.
The Partner, People and Organisation Advisory Leader, PwC Nigeria, Olusola Adewole, said people are resigning en mass in Nigeria. This is because of socio-political problems. According to him, people are not only leaving their jobs but also relocating out of the country.
He said, “In Nigeria, socio-political problems amplify the Great Resignation. People across all career levels are not just leaving their companies or industries, they are leaving the country.
“We move from the Great Resignation to exploiting the great opportunity. To do so, companies must reinvent their workforce strategy and build an HR function that is future-ready.”
PwC’s survey discovered that an increase in pay was the prime motivator for people making job changes (71%). Also, wanting a fulfilling job (69%) and wanting to be themselves at work (66%) are the top 3 things workers look for.
Global Chairman of PwC, Bob Moritz, says a tremendous need for business to do more to improve the skills of workers. Also, being conscious of the risk of polarisation if opportunities to develop right across society.
Workers are not just looking for decent pay, they want more control over how they work and they want to derive greater meaning from what they do.
Co-Leader of PwC’s Global People and Organisation services, Pete Brown, said, “It is bad for society and bad for business when there is a failure to ensure women have the same opportunities as men to develop their skills and careers.
“One of the quickest ways to strengthen the workforce is to ensure women won’t be overlooked which means addressing the culture, systems, and structures that can lead to women losing out.”
-Punch.