The Blubber

Per Bloomberg

New data from LinkedIn reveals how the majority of Gen Z workers are planning to move their jobs in 2023. About 4/5 of them found their work "unfulfilling" and lacking in a greater purpose.

The UK LinkedIn country manager Ngaire Moyes shared a statement regarding how hiring is starting to slow down. This comes at a time when companies are still looking for the right fit for certain areas.

Moyes: “While hiring is starting to slow in the UK after record highs last year, the labor market is still tight,”

The website noted that the areas with some of the fastest-growing roles included sales, sustainability, and cybersecurity. Moyes shared how the trends were showing how Gen Zs with the right skills was actually a better fit for these positions.

It was found that 80% of people 18 to 24 years old were considering looking for new work. The data revealed that the main factor when they were looking for new positions was to find jobs that pay better.

Moyes: “Gen Z will have an acute understanding of how quickly things can change, and our research suggests that they have built up a bank of resilience as a result of these experiences,”

In contrast, only 1/3rd of people aged 25 to 30 said that they had no personal level attachment to their roles. Moyes also noted that many Gen Zs started their first job during the pandemic.

Employee engagement in 2022 dropped by 2% compared to the year before, regardless of work location. These included all types of employees, whether remote, hybrid or onsite, per a study by Gallup.

The burnout rate for desk job workers hit higher numbers than the pandemic's peak. Some of the major reasons for burnout include economic uncertainty, job cut fears, and the rising pressure of return-to-office.

See flow at unusualwhales.com/flow.

Other News:

• Employees are checked out at work more than ever, and it doesn't matter it they're remote, hybrid, or onsite, Gallup study has found
• Burnout rate for desk job workers is now higher than pandemic peak numbers at over 40%

Resources:

Bloomberg