Willingness to change jobs in the labor market

A new job study by EY shows that willingness to change jobs on the labor market has reached a record high. More than one in four respondents are considering a new start—especially among millennials, where almost half are considering a change. The main drivers for this desire to change are dissatisfaction with pay, leadership, and corporate culture.

However, the magazine t3n describes a contrary trend with the concept of “job hugging”: even high performers, especially those from the younger generation, are increasingly clinging to their current jobs. The looming downturn in the job market, uncertainties caused by an increasingly unstable economic situation, and the disruptive potential of technologies such as AI are acting as strong restraining forces.

We were also interested in the following topics:

• Personnel requirements: According to the latest IAB Monitor, labor demand has fallen by around a fifth compared to the previous year. In addition to economic stagnation, the reasons for this include the transformation processes surrounding digitalization, decarbonization, and demographic change.

• Labor market 2028: The IW report “Labor Market Update 2028” provides a glimpse into the future of the labor market, outlining key trends for the coming years.

• Working from home in distrust mode: Employers are increasingly monitoring their employees who work from home, as reported by t3n. Supervisors monitor screen activity, keystrokes, and even access the webcam.

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