The rising cost of living coupled with dissatisfaction at work are prompting more Canadians to consider quitting their jobs — threatening to usher in a fresh wave of the so-called Great Resignation.
A greater number of Canadians are eyeing the exits at work this year, says PricewaterhouseCoopers LLP’s latest hopes and fears survey for 2023. Close to a quarter of Canadian employees say they are very or extremely likely to quit their jobs and find new employment elsewhere within the next 12 months, compared to only 16 per cent who said the same last year.
A deep sense of unfulfillment seems to be driving some of those intentions, and among workers planning to quit, only 47 per cent say they find a sense of purpose in their jobs. That’s a big difference from those who don’t plan to quit, of which 57 per cent say their work is “fulfilling.”
In another sign of dissatisfaction, many of those considering new opportunities also feel they can’t show who they really are at work compared to those who plan to stay put, the survey said.
That comes as a higher cost of living squeezes paycheques, leaving fewer people with money left over at the end of the month and forcing some to take on multiple jobs. Globally, one in five people work more than one job and 69 per cent say they do so because they need the extra money, PwC said.
Canadians are feeling the pain, too. Forty-two per cent say they have nothing left to save after paying their bills each month, while 14 per cent have trouble paying those bills in the first place. But the stress doesn’t end there. Most Canadian employees complain they’re being overworked as well, and only 22 per cent said their workloads were “manageable” over the past year.
If that wasn’t enough to contend
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