This sound is generated automatically. Let us know if you have any feedback.
Inflation, artificial intelligence and the five-generation workforce are reshaping employee expectations this year, the June 3 survey by ADP revealed.
Data from 35,000 workers worldwide shows these changes will lead to “seismic change,” the agency said in a statement. He advised employers to take the findings into account and see the changes not only as challenges but also as opportunities: “Companies that communicate clearly, calibrate employee expectations, cultivate trust and invest in skills development can stay ahead of what will follow”.
Below are some highlights from the ADP report.
With the numbers
7%
Average wage growth for US workers expected last year. In fact, the average increase was 4%. To manage employee expectations, ADP suggested employers adopt transparent communication about pay.
74%
The share of North American workers who expect a wage increase in the next 12 months. Expectations around percentage increases, however, are lower this year and more in line with actual increases in 2023.
18-24
The age group least likely to make daily enjoyment of their work a top priority in North America. Instead, this group said they want flexible hours and a good salary.
30%
Percentage of individual contributors worldwide who say their employer does not have a DEI initiative. This figure corresponds to higher-level roles, suggesting a potential disconnect between employer initiatives and employee awareness.
60%
The percentage of workers who believe they have the skills needed to advance their careers to the next job level in the next three years. This trust directly informs how employees feel about the rise of artificial intelligence.
100-249
The employee population of employers ranked highest for investment in employee learning. Employees at both larger and smaller companies were less likely to report that their employer invests in the skills needed for career advancement.
15%
The percentage of workers who report experiencing stress daily. While this percentage is down from previous years, workers in North America report a higher incidence of stress than elsewhere in the world, due to workers in the U.S.