AI May Spark an Even Bigger Wave of Resignations Than Before

Facing Skyrocketing Burnout, Many Workers See AI as Key to Advancing Their Careers

As the US workforce grapples with increasing workloads and stagnant pay, a new PwC study reveals a significant rise in employees considering quitting their jobs in the next year, surpassing the resignation rates seen during the Great Resignation of 2022.

Technological advancements, particularly generative AI, are also influential, with most casual AI users optimistic that the tech will enhance their career growth and earning potential.

As employee priorities shift, we examine whether quitting is the best choice for dissatisfied workers and explore strategies companies can implement to retain top talent.

Is the Largest Wave of Resignations Yet About to Hit?

After the pandemic disrupted the job market, over 50 million US workers quit their jobs in 2022, marking the largest employment shake-up to date.

Fast forward to today, and record-breaking resignation numbers are expected to be surpassed. PwC's 2024 “Hopes and Fears” survey found that out of 56,000 workers surveyed, 28% are "very" or "extremely likely" to leave their current job in the next year, up from 19% in 2022.

Common reasons include being overworked and undervalued, with 45% reporting a significant increase in workload over the past year. Financial stress is also prevalent, with 11% struggling to cover basic expenses each month.

Beyond traditional concerns like burnout and pay, modern factors like AI are influencing decisions. The survey reveals that 76% of workers see generative AI as an opportunity to learn new skills and advance their careers, challenging the fear that AI will harm job prospects.

However, attitudes toward AI are mixed. Nearly half (47%) believe it will negatively change the nature of their work, and many distrust its accuracy. Despite varied opinions, AI's transformative potential is clear.

Given economic uncertainties and AI's growing role, is leaving for greener pastures always the best choice?

Should You Consider Quitting Your Job?

In many cases, quitting can be the best decision for your life and career, especially if your skills are underutilized or you’re in a toxic work environment. Today, quitting is no longer seen as a failure but as a logical step for employees whose needs aren't being met—whether they seek a healthier work-life balance, more perks, or better career opportunities.

However, a 2023 Paychex survey reveals that most people who left their jobs during the Great Resignation regret their decision. Out of 825 surveyed workers, over 80% wish they hadn’t quit, with this number rising to 89% for Gen Z workers.

This widespread regret, often called "the great regret," is primarily due to workers missing their colleagues and the sense of community at their former workplaces. Many Gen Xers also reported missing the work-life balance from their previous jobs.

Leaving a job and co-workers behind can be tough, so it's no surprise that many experience an initial dip in mental health. Yet, this decision often proves worthwhile in the long run as employees make positive career strides and build new connections.

Still considering resigning? Learn how to write a resignation letter that strikes the perfect note.

Strategies Employers Can Use to Retain Top Talent

If you're worried about losing top talent, PwC suggests several steps to enhance your company's appeal.

Start by addressing unrealistic workloads, which are overwhelming many employees. Prioritize mental health and set achievable goals to support your workforce effectively.

With AI reshaping workplaces, offering opportunities for employees to engage with this technology is crucial for staying competitive. Implementing digital upskilling programs allows employees to leverage AI, safeguarding their roles from potential automation.

You can empower your workforce with valuable skills without breaking the bank. Explore our guide to top free AI training courses to kickstart this initiative.