#53124956@Michal Bednarek\Dreamstime
What is Your Workforce Thinking?

What is Your Workforce Thinking?

Aug. 7, 2024
Korn Ferry's new report has some surprises, including about impostor syndrome.

Korn Ferry spoke to 10,000 professionals around the world, from entry-level to CEO, to find out what employees want from work. 

The report, Workforce 2024, asked questions from a variety of perspectives. 

Top reasons for leaving a job were:

  • Generous compensation -- 42%
  • Flexible working hours  --28%
  • High job security - 27%

Top priorities for staying in a job were:

  • Generous compensation -- 37%
  • Flexible working hours 30%
  • High job security - 28%

The top three priorities for choosing a new job were:

  • Generous compensation -- 37%
  • Flexible working hours 38%
  • High job security - 30%

A surprising finding was that 71% of CEOs say they have imposter syndrome and feel stretched beyond their abilities. A dictionary definition of imposter syndrome is "the persistent inability to believe that one's success is deserved or has been legitimately achieved as a result of one's own efforts or skills."

This belief is felt at different levels as follows:

  • Senior executive --65%
  • Senior leader --57%
  • Mid-level leader --49%
  • First- level supervisor/manager --52%
  • Non-leader --33%

Another finding that might be surprising to many managers is that one of the non-negotiable perks is flexible hours.  In the choosing a job category 47% of non-leaders expressed this opinion while 30% of senior executives did. 

Of course, no survey is complete without a question about AI. In this survey 65% of workers under 55 said they were excited about the potential of AI. Those who were over 55 weren't quite as excited as that number was 39%. 

The report, which explores other issues such as upskiillng and culture, concludes that regardless of  age, gender, region or level of the organization an employee is at, flexibility, competitive pay, a positive company culture and upskilling opportunities are key and should be at the top of any organization's talent strategies. 

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