Guest blog post by FHRD Member, EY.
EY Malta carried out a survey among Malta’s workforce to find out how the Covid-19 pandemic and other factors have affected their views on work. The results demonstrate that the rapid shift to digital and remote work has meant that people are now after far more flexibility with where they work, how they work and when they work.
52% of respondents are thinking about leaving their current job with a quarter saying they are unlikely or unsure of staying. Again, almost half, 46% of respondents in Malta are not satisfied with their current salary package and working conditions, while 60% are likely to quit if their preferences for when and where they work are not met by their employer.
Flexibility is becoming more crucial to employees, especially among the younger Millennial and Gen-Z respondents, with 41% preferring flexible start and finish times and 33% opting for the option of a compressed four-day working week.
Besides increasing skills shortages in Malta, employers will also be faced with growing challenges to retain their current staff. Adapting to new modes of work and providing flexibility will be essential for businesses to maintain the quality of their services.
An attractive workplace must take into consideration the rising cost of living, market value and work flexibility to guarantee smooth operations without the limitations of scarce labour. Only through reimagining our idea of work can we truly move forward to build the better working world of tomorrow.
More information can be found here.