PwC Philippines launched Thursday the 2023 Hopes and Fears Global Workforce Survey which details the attitudes and behaviors of nearly 54,000 workers in 46 countries and territories.
The local launch reported that 1 in 4 or about 26 percent of surveyed employees around the world say they will change jobs in the next 12 months, up from 19 percent last year.
Workers who said they are most likely to change employers include those who feel overworked which is about 44 percent of surveyed, 38 percent say they struggle to pay the bills every month and 35 percent are Gen Z who are perennially on the lookout for better opportunities.
It said that in 1,000 surveyed employees in the Philippines, 39 percent believe their organization will not survive beyond 10 years if they remain on their current path, with Baby Boomers being the most pessimistic at 53 percent.
Based on the survey, 60 percent of global employees whose jobs require specialist training are much more likely to have a clear sense of how their skills need to change. Those with specialist skills are more demanding and see expanding opportunities ahead.
Compared to the global workforce, Filipino employees are more likely to ask for a raise or promotion, but are less likely to change employer—68 percent are confident to ask for a raise, while 59 percent are more receptive for a promotion and 32 perfect are bound to change employers or quit their jobs.
The survey revealed that while global workers recognize the positive impacts of artificial intelligence more frequently than the negatives. Filipino employees also foresee AI having mostly positive impacts on their jobs with 46 percent saying that AI will increase productivity and efficiency at work, and 37 percent viewing it as an opportunity to learn new skills.
More than half, or nearly 52 percent of employees globally expect to see some positive impact of AI on their career over the next 5 years, with 31 percent saying it’ll increase their productivity/efficiency at work. Many workers, 27 percent of surveyed, also view AI as an opportunity to learn new skills.
The survey also revealed stark demographic disparities across the world in employee attitudes towards AI. Younger generations are much more likely to expect AI to impact their careers across all of the surveyed impacts, both positive and negative, whereas a little over 1/3 or 34 percent of Baby Boomers think AI will not impact their careers.
Despite global companies slow adoption of the feedback culture, about 74 percent of global employees see the importance of feedback which is also akin to the Philippines’ high regard for a feedback culture. Eighty seven percent of Filipino employees actively seek and use feedback, and 87 percent provide constructive feedback to enhance team performance.
On thrust on the workplace management styles, only 33 percent of global employees believe that they are encouraged to speak up or challenge the status quo, and 35 percent believe their manager tolerates small-scale failures.
Locally, only 23 percent of Filipino workers said that their managers encourage dissent and debate. About 73 percent of Filipino employees believe that their actions match their company’s values. Interestingly, 41 percent of senior executives and 28 percent of managers claim to promote such an environment.
The study also revealed the 50 percent of global workers believe that they find meaning in their work and managers provide fair treatment in the workplace, compared to 69 percent of Philippine employees who generally feel more positive about their workplace environment, culture and relationship with manager, leading to higher job satisfaction level.
About 54 percent of Filipino employees think that their employers have a responsibility to act on climate change as compared to 37 percent of global employees.
