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For job seekers, meaning is as important as money

That’s just one of the findings from PwC’s latest global workforce survey, which gathered insights from more than 52,000 workers in 44 countries.

The Leadership Agenda

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Most important factors when considering a change in work environment, % of respondents1

  • Compensation
  • Meaning
  • Confidence/competence
  • Autonomy
I am fairly rewarded financially
71%
I find my job fulfilling
69%
I can truly be myself
66%
My team cares about my well-being
60%
I can be creative/innovative in my job
60%
I can exceed what is expected of me in my job role
58%
I can choose when I work
50%
I can choose where I work
47%

When it comes to retaining employees, money is key, but it isn’t enough by itself to retain workers, who were almost as likely to cite intangible factors related to meaning. Job fulfilment and the ability to be one’s true self at work were ranked second and third among employees considering a job change. Our analysis also broke out the cohort of employees who said they’re extremely or very likely to look for another job. Compared to employees extremely or very unlikely to look for another job, people in this cohort are less likely to:

  • Find their job fulfilling (-14 percentage points)
  • Feel they can be their true self at work (-11 percentage points)
  • Feel fairly rewarded financially (-9 percentage points)
  • Feel their team cares about them (-9 percentage points)
  • Feel that their manager listens to them (-7 percentage points)

Managers who sense that these elements are at play—or even starting to emerge—must take steps to reshape the employee experience. Making jobs fulfilling requires deep empathy on the part of managers and the ability to translate the company’s overall purpose into specific actions and behaviours so that employees can see how their work contributes to that purpose. 

Explore other findings from PwC’s Global Workforce Hopes and Fears Survey 2022

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Contact us

Bhushan Sethi

Bhushan Sethi

Joint Global Leader, People & Organisation, Principal, PwC United States

Tel: +1 (917) 863 9369

Peter Brown

Peter Brown

Joint Global People & Organisation Leader, PwC United Kingdom

Tel: (+44) 7789 003712

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