Posted7 July 2022, 12:24
LUXEMBOURG – Among European countries, Luxembourg seems to be the most affected by the “Great Resignation” which follows the health crisis.
Young people are more prone to being on the move.
Globally, 20% of more than 52,000 surveyed by PwC judge “very high” or “extremely high” the probability of changing employer in the next twelve months. And if the Old Continent seems spared by the phenomenon, there are countries where the percentage is high. This is the case in Luxembourg, where 25% of employees say they are ready to leave within twelve months. The Danes (22%) and the Irish (21%) follow. The Czechs (12%) and the Belgians (13%) are the least inclined to change employer in the next twelve months, closely followed by the French and the Dutch (15%).
In view of these figures, “the Great Resignation is not a multinational tidal wave”, comments Frédéric Petitbon, People & Organization partner at PwC France and Maghreb. On the other hand, the phenomenon is more tangible “from a sectoral point of view and the hotel industry, catering and service trades” are undergoing waves of departures all over the world, he adds.
Especially the Youngs
All sectors combined, the countries with the highest resignation intentions are India and South Africa (34%), followed by Saudi Arabia (33%), the United Arab Emirates (32%) and Kuwait (31%). The United States is exactly in the world average, and China clearly below (13%).
The desire for a change of scenery is more frequent among young working people, since 18-25 year olds are three times more likely than 58-76 year olds to want to change employers. In a context of high inflation, 35% of employees plan to ask for an increase in their remuneration in the next twelve months.
Wage demands vary widely across sectors: 44% of tech workers say they are about to ask for a raise, compared to just 25% of public sector employees and 30% of healthcare workers. The study was conducted online in March 2022, with 52,195 active employees in 44 countries. The average sample of respondents in each country is close to 1,200 people.
(mc/AFP)