Higher stress and less work engagement afflicts young adults
Source: Asia Insurance Review | Dec 2022
A new study by Cigna International has revealed that despite newfound workplace freedoms young people now face higher levels of stress, financial concern and reduced workplace satisfaction and growth.
The new research found that young people around the world have relished newfound workplace freedoms, but the move towards flexible and remote work risks hurting their mental wellbeing and professional development, with many now seeking new jobs.
The health service provider’s latest 360 Global Well-Being survey, Exhausted by Work – The Employer Opportunity, 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 burned out and 40% are worried by the rising costs of living. Despite over three-quarters of younger respondents saying they are ‘always on’ with work, many are actually struggling to engage with their work and feel it has become purely transactional with no in-person interaction. A fifth (20%) say 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.
The research found that failure to respond to the issues raised could mean a significant loss of talent. 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.
Worryingly, Cigna’s research shows 48% of 18-34-year-olds are now looking for new roles at a time when much of the world is entering uncertain economic times. A