Half of today’s workforce feeling overworked and underpaid

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Feeling undervalued at work is a common thing but a new study finds people are now ready to do something about it.

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Robert Half released their 2022 Salary Guide and it shows what the talent solutions firm is calling the “Great Resignation” trend.

The root of that comes from half of the workers they surveyed think they’re earning less than they deserve, with millennials (56%) and women (54%) feeling particularly shortchanged.

But nearly one in five employees (18%) are considering taking action in dramatic fashion – by quitting their jobs if they don’t get a raise by year’s end.

Unsurprisingly, it’s the Gen Z-ers (35%) and millennials (28%) who would attempt a career move if they don’t get a salary bump.

Also not surprising is that the most in-demand roles are commanding top dollar, but employers need to stay competitive.

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To do that, they need to be willing to negotiate to secure highly sought-after talent, according to the report.

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“While hiring is top of mind right now, keeping current employees motivated and engaged also needs to be an ongoing priority for organizations,” said David King, Canadian senior district president of Robert Half.

“This includes regularly benchmarking salaries and identifying factors that enhance job satisfaction, such as opportunities for advancement, flexible schedules, and programs that support employee well-being.”

And it seems employers are listening.

Aside from considering all the aforementioned factors, 35% of employers are offering signing bonuses to attract potential new hires.

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Overall, candidates who are weighing job offers are looking at the big picture, especially with less people out there not ready to enter or go back to the workforce.

That’s giving job seekers the upper hand when it comes to asking for the full package.

“Renewed business confidence is boosting hiring activity in professional industries across Canada, and the need for skilled workers is at an all-time high,” said King.

“Professionals are in the driver’s seat when it comes to negotiating a raise or new role — and they are interested in more than just pay,” he said. “Companies need to align their total compensation package with market trends and employee expectations.”

dwilford@postmedia.com

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