According to a new report from McKinsey and Co, approximately 40% of employees in the US are considering quitting their current roles over the next 3-to-6 months. McKinsey and Co surveyed over 6,000 US employees between February and April.
“This isn’t just a passing trend or a pandemic-related change to the labour market,” commented Bonnie Dowling, one of the report’s authors.
“There’s been a fundamental shift in workers’ mentality, and their willingness to prioritise other things in their life beyond whatever job they hold […] We’re never going back to how things were in 2019.”
As well as speaking to employees in the US, McKinsey and Co also spoke to people in Australia, Canada, Singapore, India, and the UK.
“Respondents across the six countries showed a consistently high desire for work that is better paying, more satisfying, or both, as well as a conviction that they can find better jobs elsewhere,” the report said.
“To navigate this new playing field successfully, hiring managers can look beyond the current imbalance in labour supply and demand and consider what different segments of workers want and how best to engage them.”
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Meanwhile, a report from the British Chambers of Commerce (BCC) revealed 79% of businesses are experiencing difficulties recruiting people, particularly construction and hospitality firms.
The findings further contribute to the evidence that the arrival of the omicron variant of coronavirus has setback the UK’s economic recovery.
According to the REC’s survey of 400 recruitment agencies, shortages of qualified employees were most severe in the health and care sector, compounded by staff having to take sick leave after contracting or being exposed to the virus. Employers said factors such as uncertainty around the pandemic, fewer foreign workers, and a low unemployment rate contributed to candidate availability. However, they also said that this was gradually improving.
The REC’s survey found:
“2022 will be the year we discover staff shortages will outlive the pandemic as an economic issue,” said REC chief executive Neil Carberry.
“This survey shows again how tight the labour market was at the end of last year. Demand for staff is growing across every sector and region of the UK, and candidate availability is still falling.”