According to the new People at Work report from the ADP Research Institute, 62% of workers think that no profession will go unaffected by the current economic uncertainty
Workers' insecurity regarding job stability is a major challenge for employers. According to the report People at Work 2023: A Global Workforce View, by the ADP Research Institute, 35% of workers in Brazil say they do not feel secure in their job and men are more concerned about this issue than women (38% compared to 32%).
On the global average, 38% of people do not feel secure in their jobs. Among the points covered, it is highlighted that feelings of job insecurity are higher among young people. Half (50%) of generation Z (between 18 and 24 years old) say they do not feel safe in their work. On the other hand, 24% of people over 55 feel the same.
“Workers are feeling worried about their jobs, especially with news of mass layoffs at high-profile companies, as well as new technologies that supposedly could take their jobs. Therefore, companies must take measures, whenever necessary, to reassure the talented employees they intend to retain”, highlights Claudio Maggieri, general manager for Latin America at ADP.
“It is increasingly necessary to ensure that efforts are recognized with fair wages and a fair environment and to offer a career path within the company. This way, they will be better able to focus on doing excellent work without worrying about the future. However, if employers do not reassure workers, they run the risk of losing important talent, which could make it difficult to provide the level of service that clients and consumers expect”, he adds.
Technology increases workers’ uncertainty
The insights come at a time when job cuts are taking place across many sectors of the job market, including technology and consultancy companies, as well as ongoing challenges in areas that have been particularly hard hit by the pandemic, such as hospitality. Another factor that worries workers is the emergence of new tools such as Artificial Intelligence (AI) that end up potentially threatening more types of jobs and generating more insecurity.
As for workers in the media and information sectors, 54% say they do not feel secure in their jobs, followed by those in the hotel and leisure sectors (51%).
Generally speaking, 62% of workers think that no profession will go unaffected by the current economic uncertainty. From a technology implementation perspective, almost one in four workers (23%) believes that the use of AI will become the norm in their field over the next five years with the aim of reducing manual tasks.
In this context, one in five Generation Z workers (20%) considered the possibility of changing sectors in the last 12 months and a quarter (25%) thought about creating their own company. Also, one in six people over 55 years old (17%) considered the dismissal movement known as “gray resignation”.
For more information about the research, visit the link.
About the research:
The research explores workers' perceptions of the current world of work and what they expect from the workplace in the future.
ADP Research Institute® surveyed 32,612 workers in 17 countries around the world between October 28 and November 18, 2022:
- 7,721 in Asia-Pacific (Australia, China, India and Singapore)
- 15,290 in Europe (France, Germany, Italy, Netherlands, Poland, Spain, Switzerland and United Kingdom)
- 5,751 in Latin America (Argentina, Brazil and Chile)
- 3,850 in North America (United States and Canada).
Within the sample, temporary and permanent workers were identified, in addition to more than 8,613 people working exclusively in the economy gig. Temporary workers are those who work on a contingency, temporary or seasonal basis or as freelancer, independent contractor, consultant, temporary worker, or use a platform online to get work. Permanent employees were identified as those who are not working in the economy gig and instead have a fixed position whether full-time or part-time.
The research was carried out online in the local language. Overall results are weighted to represent the size of each country's working population. The weights are based on World Bank labor force data, which is derived from information from Iostat, the International Labor Organization's (ILO) central statistics database, as of February 8, 2022.