Job Insecurity, Top employee concern for 2024: Survey
The latest study unveiled that 53% strongly oppose a 70-hour work week, whereas 32% are in favour of it. Additionally, 65% of respondents believe that a 40-60 hour work week is optimal for both productivity and well-being.
Job Insecurity, Top employee concern for 2024 with non-acceptance of 70 hours work week, AmbitionBox Survey
Of the top employee concerns for 2024, 46% are afraid of losing their job, and 53% are against working 70 hours a week.
It’s clear from AmbitionBox’s survey this year that 81% of participants were happy with the hybrid/remote work paradigm. Remarkably, 52% of workers want it to last until 2024, demonstrating a strong opposition to going back to the traditional 5- or 6-day work weeks. Furthermore, a startling 30% stated that they would only want to work remotely.
This tendency indicates a significant change in priorities, since 45% of participants expect a better work-life balance in the next year. The majority (53%) argue that 40–60 hours a week is the ideal amount for both productivity and well-being, and they are against a 70-hour work week.
Furthermore, in regard to their employer’s stability into 2024, 70% of respondents expressed confidence, citing things like sound financial standing, steady leadership, and a promising organizational future. Interestingly, this stands in sharp contrast to 46% of respondents’ worries about their job security in the upcoming year.
AmbitionBox conducted a study toward the end of 2023 to explore a number of topics, including the continuous demand for hybrid work arrangements, the social media debates surrounding the 70-hour workweek, and the companies’ return to in-office practices following the COVID pandemic. The varied viewpoints and experiences that employees have throughout the year are reflected in these insights.
Mayur Mundada, the founder and business head of AmbitionBox, discussed these findings and emphasized the significance of comprehending the debates and trends that influence the HR industry. As we get closer to 2024, he emphasized how important it is to take these insights into consideration and create a more upbeat and cooperative work environment.
It is imperative for companies and employees alike to comprehend the various trends and conflicts that have influenced the HR landscape. As we approach 2024, addressing these insights can promote a more upbeat and cooperative work atmosphere. Businesses have the chance to adjust and build a workplace that is in line with the changing requirements and goals of their employees by recognizing and responding to the opinions and expectations of the workforce, according to Mundada.
Responses from almost 3,400 employees, 75% of whom were men, made up the survey’s sample. Of the respondents, 71% were under 35, and 42% were between the ages of 25 and 34. Out of all the industries, 20% of respondents were from the IT services sector.
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