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Home > Economy > Mckinsey: 40% of Global Labor Market Are to Leave Jobs In 3 to 6 Months

Mckinsey: 40% of Global Labor Market Are to Leave Jobs In 3 to 6 Months

While most countries seem to be recovering from the pandemic, COVID-19 has had a lasting effect on the economy, transforming our contemporary understanding of unemployment.

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Jul, 18, 2022
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Mckinsey: 40% of Global Labor Market Are to Leave Jobs In 3 to 6 Months

Mckinsey: 40% of Global Labor Market Are to Leave Jobs In 3 to 6 Months

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Rabat – While most countries seem to be recovering from the pandemic, COVID-19 has had a lasting effect on the economy, transforming our contemporary understanding of unemployment.

While high unemployment levels did not surprise economists around the world, most seem baffled by the rising trend of people voluntarily quitting their jobs in search of better employment conditions.

Labeled the “Great Resignation” or the “Great Exodus,” the trend first became noticeable to experts in 2021 when over 19 million workers in the US left their job positions.

The rising tide of resignations is not limited to one sector, however. According to a 2021 survey from McKinsey, an average of 9% of white-collar workers from sectors across the spectrum said that they are “almost definitely” considering leaving their current positions, while 31% said that they are “seriously” considering leaving.

A recent survey from McKinsey shows that the tendency to seek new jobs has not changed much since 2021, as this year’s report notes that an average of 40% of surveyed white collar workers from across the globe said that they are considering switching jobs in the coming three to six months.

Based on over 13,000 respondents across six countries, the survey indicates that workers no longer believe that a good job simply comes with a good salary and perks.

People are now re-evaluating what they want from jobs, saying that they are looking for jobs with a higher level of flexibility, mental-health support, and meaningful work, the survey report indicates.

When asked about the reasons underlying their desire to look for new jobs, most respondents said that they believe that their current work conditions undermine their well-being.

The large majority of workers cited a feeling of always being on call, unfair treatment, unreasonable workload, low autonomy, and lack of social support as problems that they currently encounter at their jobs. 

Read Also: 86% of MENA Employees Aim for Remote Jobs in 2022

Tags: Job MarketLabor exploitationremote workremote work in Morocco
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