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The 'great resignation' may not be over yet

The 'great resignation' may continue, according to the PWC’s 2023 Global Workforce Hopes and Fears Survey. Yahoo Finance Live breaks down what the survey is saying about what skills may be important for one's career and AI’s impact on the workforce.

Video transcript

- Well, PWC has released its global workforce Hopes and Fears Survey for 2023, which suggests the great resignation might actually continue for a while longer. One in four employees say they will likely change jobs in the next 12 months. That's up 19% from the last year. More than half of employees say that their job will require new skill sets within the next five years.

Also, 35% of workers also say their skills are not reflected in their resumes or job histories, with employees believing that companies will be looking for different skills altogether, given the rise of technology and new workplace conditions. And of course, the younger generations entering the workforce, they're actually the most optimistic about the use of new technology like AI.

51% say that I will have a positive impact on their career, and 31% believe that it will increase their productivity at work. Of course, we'll see how this data affects hiring plans in an already tight labor market.