Rising Wave of Employee Resignations as Overworked and Underpaid Workers Seek Better Opportunities

Money | June 25, 2024, 4:24 a.m.

As the pandemic continues to impact the workforce, more employees are considering resigning due to feeling overworked and underpaid. A recent survey by auditor PwC revealed a significant 28% increase in the number of people planning to change jobs, compared to the previous Great Resignation in 2022. Reasons cited include higher workloads, career aspirations, and adapting to new technology in the workplace. The shift towards job changes is driven by a desire for better work-life balance and opportunities for skill development. Despite the potential benefits of finding a new role, data suggests that many who leave their jobs end up regretting their decision. European countries are also experiencing a rise in job dissatisfaction, with workers in France, Germany, and the U.K. considering quitting amid escalating living costs and interest rates. Employers are encouraged to prioritize employee well-being and provide support in navigating workplace changes to retain talent in the midst of the ongoing Great Resignation.