CAIRO: Almost two-thirds of Saudi workers are considering changing jobs in 2023 as they seek higher pay, a better work-life balance, and feel confident in their ability to land better positions, according to a survey by networking firm LinkedIn.
Despite hiring levels slowing down in the Middle East in 2022 compared to 2021, LinkedIn’s research has shown that 68 percent of the Saudi workforce are optimistic about securing a new job.
The growing appetite for switching employers is highest among millennials, who show almost 15 percent more confidence in job searching, interviewing and in their abilities to secure new and better jobs in 2023 than their younger colleagues.
This is attributed to the fact that around 80 percent of the millennial age group – typically those born between 1980 and 1995 – feel a lack of investment from their employer, in addition to feeling undervalued, unmotivated, and underpaid.
Gen Z employees – those under 25 years old – have reported great worry about job security as they are concerned that their employers have not dealt with the current economic uncertainty very well.
“Despite economic uncertainty and the slump in global hiring that’s trickled its way into the region, we’re still seeing a significant number of professionals looking to either grow within their organizations or switch jobs in 2023, many driven by the desire for bigger salaries as the global cost of living goes up,” Ali Matar, Head of LinkedIn in the Middle East and North Africa growth hub, said.
Additionally, Saudi professionals are also confident in pushing for promotions and new opportunities with their current employers as seven out of ten employees feel assured of a pay raise.
“Workforces clearly know their value within the job market and are taking charge of their career by investing in new skills. It’s clear that since the pandemic, professionals have become much more resilient and we’re seeing this in their confidence to tackle the year ahead,” Matar added.
The survey reveals that while many workers feel more confident in their career prospects, concerns about job security and a preference for remote work options remain prevalent.
Six out of every ten workers surveyed said that they would decline new in-office job offers in favor of hybrid or remote work.