The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Sat, August 20, 2022 | 03:17
Companies
Employees, employers at odds over changing work norms
Posted : 2022-06-24 18:20
Updated : 2022-06-26 14:56
Print Preview
Font Size Up
Font Size Down
gettyimagesbank
gettyimagesbank

Work perception difference widens between employees and employers during pandemic

By Anna J. Park

A recent international survey has shown that employees and employers have vastly divergent attitudes on working policies that have emerged during the COVID-19 pandemic.

While 64 percent of employees believe their productivity has increased with the change to more flexible work patterns during the pandemic, 41 percent of employers think work productivity has dropped due to those same conditions according to EY's "2022 Work Reimagined Survey," which polled over 17,000 employees and 1,500 employers across 22 countries.

Twenty-two percent of employers say all employees must return to the office five days a week, while only 14 percent of employees said they want to come back to full-time office work. Eighty percent of the surveyed employees responded that they prefer a hybrid working policy including two or more days per week of working from home.

Also, while 72 percent of surveyed employers expressed concerns that the new work plans would cut down their workers' competitiveness, only 56 percent of employees agree with the idea.

The global report also stated that the era of "The Great Resignation" has come, due mainly to the accelerated changes in global economic and labor conditions.

Employees now feel less constrained to leave their jobs, as 68 percent of the surveyed workers said they witnessed an increased turnover rate. Forty-three percent of the polled employees also said they're willing to quit their current job within a year for the sake of a higher salary, career development or more flexible work conditions. It is a huge change in their perceptions in just a year, given that only seven percent of the employees polled in last year's survey stated that they were willing to quit their job within a one-year period.

The divergent perception is also evident in that 42 percent of employees think a salary raise is required for companies to keep their employees, while only 18 percent of employers agree to the idea.

By age group, millennials and Generation Z employees expressed the highest rate of intention to quit their jobs within a year, at 53 percent of those surveyed. By work category, 60 percent of employees in the information and tech industries were found to have the highest rate of possibility to leave their job within a year.


Emailannajpark@koreatimes.co.kr Article ListMore articles by this reporter
 
LG
  • How can Korea's taxi shortage be resolved?
  • Adoptee chef discovers herself and family through Korean cooking
  • North Korea refuses to form ties with Yoon-led South Korea: experts
  • Activist professor requests strong punishment for racist abuse against Son Heung-min
  • 887 undocumented foreign workers, brokers, employers caught in crackdown
  • [INTERVIEW] Restoring bilateral ties will boost Korean studies in Japan: professor
  • Aviation stocks gain traction on oil price fall, travel demand recovery
  • Kakao retracts sale of mobility unit
  • Busan mayor proposes BTS military exemption to promote World Expo 2030 bid
  • Seoul National University to select freshmen without assigning majors in advance
  • Interactive News
  • With tough love,
  • 'Santa dogs' help rebuild burnt forests in Andong
  • 'Santa dogs' help rebuild burnt forests in Andong
  • A tale of natural wine
    • 'Mukbang' binge-eating shows give way to new trend of eating little 'Mukbang' binge-eating shows give way to new trend of eating little
    • [INTERVIEW] YouTubers bridge Korean, Muslim and Latin American cultures [INTERVIEW] YouTubers bridge Korean, Muslim and Latin American cultures
    • [INTERVIEW] Jung Woo shapes his character for Netflix's 'A Model Family' [INTERVIEW] Jung Woo shapes his character for Netflix's 'A Model Family'
    • NCT Jaehyun drops first solo single 'Forever Only' NCT Jaehyun drops first solo single 'Forever Only'
    • Artist Do Ho Suh invites children to his clay fairyland Artist Do Ho Suh invites children to his clay fairyland
    DARKROOM
    • Ice is melting, land is burning

      Ice is melting, land is burning

    • Tottenham 6-3 Team K League

      Tottenham 6-3 Team K League

    • Afghanistan earthquake killed more than 1,000

      Afghanistan earthquake killed more than 1,000

    • Divided America reacts to overturn of Roe vs. Wade

      Divided America reacts to overturn of Roe vs. Wade

    • Namaste: Yogis to celebrate International Yoga Day

      Namaste: Yogis to celebrate International Yoga Day

    The Korea Times
    CEO & Publisher : Oh Young-jin
    Digital News Email : webmaster@koreatimes.co.kr
    Tel : 02-724-2114
    Online newspaper registration No : 서울,아52844
    Date of registration : 2020.02.05
    Masthead : The Korea Times
    Copyright © koreatimes.co.kr. All rights reserved.
    • About Us
    • Introduction
    • History
    • Location
    • Media Kit
    • Contact Us
    • Products & Service
    • Subscribe
    • E-paper
    • Mobile Service
    • RSS Service
    • Content Sales
    • Policy
    • Privacy Statement
    • Terms of Service
    • 고충처리인
    • Youth Protection Policy
    • Code of Ethics
    • Copyright Policy
    • Family Site
    • Hankook Ilbo
    • Dongwha Group