Bosses all over the U.S. are asking the same question: Where have all the go-getters gone?
Source: Prudential survey conducted Sept. 29–Oct. 1, 2022, of 4,796 adults, 2,356 of which are workers.
These days, many workers are content doing the same job they’ve done, Mr. Diamantaras says. The pay is comfortable, the company is stable and many workers want to make time for friends and activities: “That’s OK, but you have to have people—we constantly look for people—who have drive, that we feel like we can promote to higher-paying jobs in the organization.”
U.S. labor productivity, as measured by how much the typical worker gets done in an hour, fell at a 5.9% annual rate in the first quarter of 2022—its steepest decline in more than a decade. It fell 4.1% in the second, before rising at a 0.8% pace in the third.worker disengagement is one factor in recent declines. Productivity can also be affected by hiring trends and the state of the economy.
In May, just before he started a new accounting job, the younger Mr. Wiggins asked his dad to cosign a loan to buy a 2020 Toyota Camry. Mr. Wiggins says he was taken aback when he saw his dad’s salary, required for the loan. It was under six figures, and not far above what he was going to make as a 23-year-old recent graduate, he says.How has the pandemic changed your outlook on work-life balance? Join the conversation below.
An ADP Research Institute survey conducted in November 2021 found that U.S. workers said they were doing 8.4 hours of unpaid overtime work each week, down from nine hours the prior year. And more than half of respondents overall said they would take a pay cut for more work-life balance or to have more flexibility in how they structure hours.
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