This summary is provided by IPR based on the original study by McKinsey & Company
McKinsey & Company examined trends in employee resignation and established five groups of employees based on their motivations at work.
A survey of 13,382 employees in Australia, Canada, India, Singapore, the U.K., and the U.S. was conducted from February 15 – April 2, 2022
Key findings include:
- 48% of people planning to leave their job are going to work in a different industry, while 17% left the workforce entirely.
- Of people who left their jobs in the communications industry, 55% found a job in a different industry or left the workforce completely.
- The study identified five categories of workers based on their top values and motivations:
- Traditionalists are career-oriented people who care about work-life balance but are willing to make trade-offs for the sake of their job.
- Do-it-yourselfers value workplace flexibility, meaningful work, and compensation.
- Caregivers are motivated by compensation but have other priorities for their jobs including workplace flexibility, support for employee health and well-being, and career development.
- Idealists are workers who have little responsibility outside of career development such as students or part-time workers.
- Relaxers are those that are currently not working, but could be enticed if the price is right and the work has meaning.