News: Nearly 50% want job change, over 70% staff re-evaluating their life priorities: Cigna Report

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Nearly 50% want job change, over 70% staff re-evaluating their life priorities: Cigna Report

The Cigna study says over 97% of 18-34-year-olds are burnt out, and 40% are worried by the rising costs of living.
Nearly 50% want job change, over 70% staff re-evaluating their life priorities: Cigna Report

It’s just two years into remote working and several factors affecting the workforce have already started surfacing, raising questions on flexible working. 

According to a study conducted by Cigna International, the move towards flexible and remote work risks hurting mental wellbeing and professional development of employees, who are now seeking new jobs.

The study titled 360 Global Well-Being Survey, it sought to analyse data from professionals who are exhausted by work and looking forward for more opportunity.

It shows that while hybrid and flexible work is seen as very important amongst younger workers, they are also experiencing worrying levels of burnout and concern for the future. Over 97% of 18-34-year-olds are burnt out, and 40% are worried by the rising costs of living. 

Findings further showed that a fifth (20%) said a lack of learning and development opportunities is also causing stress. 

Now, with over 70% saying they are re-evaluating their life priorities and nearly half looking for new jobs, employers must urgently recognise the need for action.

Key findings suggested that up to 73% of 25–34-year-old millennials and 71% of 18–24-year-old Gen-Zs are spending more time evaluating their priorities compared to two years ago. Forty-eight per cent of 18-34-year-olds are now looking for new roles at a time when much of the world is entering uncertain economic times.   

Commenting on the findings, Jason Sadler, president, Cigna International Markets, said, "All over the world, the younger generation has been most impacted by the changes in workplace culture.”

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Topics: #Culture, #EmployeeExperience

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