Observed Signal · Jun 21, 2023 · Market Research & Intelligence · Source: OnlineMarketing.de · Impact: 3/5 · Sentiment: Neutral
Stress levels at record high: More Quiet Quitters
The piece discusses rising Quiet Quitting worldwide, citing Gallup's State of the Global Workplace Report 2023. It states that 44% of global workers report high stress, with East Asia and the USA/Canada tied for the highest levels. Among East Asian workers, 60% of young employees experience daily high stress, linked to pandemic effects and external crises like inflation. The article notes that about 59% of workers engage in Quiet Quitting and 18% in Loud Quitting, with the phenomenon costing the world economy an estimated $8.8 trillion. It highlights that 85% of respondents would change areas related to engagement/culture, pay/benefits, or wellbeing (41% want culture improvements, 28% higher pay, 16% better wellbeing) and underscores the broad interest in job changes driven by compensation and wellbeing. It also mentions a 2022 revival in the labor market and regional growth in Southeast Asia, Australia, and New Zealand.
Highlights global workforce fatigue and retention dynamics affecting talent strategies in the AdTech/MarTech and broader Digital Economy.
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Key Takeaways & Evidence Grounding
- 44% of global workers report high stress per Gallup's State of the Global Workplace Report 2023.
- East Asia and the USA/Canada had the highest stress levels, with 60% of young workers in East Asia experiencing high daily stress.
- About 59% of workers engage in Quiet Quitting and 18% in Loud Quitting.
- Quiet Quitting is estimated to cost the world economy around $8.8 trillion.
- 85% would change areas related to engagement/culture, pay/benefits, or wellbeing (41% seek culture improvements, 28% higher pay, 16% improved wellbeing).
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