Job satisfaction has been declining for the past 8 years
The Luxembourg Chambre des salariés surveyed 2,696 people between the ages of 16 and 64. All respondents have a permanent job with a schedule of at least 10 hours per day. Such polls have been conducted regularly since 2013, but the 2022 result is particularly interesting.
The point is that there has been a steady decline in job satisfaction since 2014. There are many reasons for this, including generational change, burnout, and a lack of work-life balance.
Speaking of balance. In 2014, 30% of respondents said that maintaining a work-life balance was a challenge for them. By 2022, it is 55%, more than half. And this applies not only to single people but also to people with families.
According to the study, the risk of burnout has risen to 30%. One in three working Luxembourgers (whether national, expat or cross-border worker) has problems with professional burnout. At the same time, 20% regularly complain about their job. A quarter of employees would like to change jobs altogether if things don't change.
The organization of working time is becoming an important aspect of the modern labour market. More and more people expect a reduction in working hours. This is especially the case for high earners. Then there are couples with children and young people between 18 and 34. The younger generation no longer wants to live for work, as their parents often did. They've seen how easily things can go wrong. They don't want to be devastated if they lose their job and have nothing else in their lives.
Not surprisingly, 50% of respondents said they would like to switch to a hybrid form of work — working part-time at home and part-time in the office. 29% believe it is possible to work from home more than half the time. That is, of course, for those professions that can afford it.
Participation in decision-making has also declined. If in 2014 60% of respondents believed they could influence how the company was run, in 2022 only 49% believe they can.
Clearly, the market will have to respond in the near future. Some companies, such as Raiffeisen, have already begun to adopt innovative approaches to working time management. However, major changes require the participation of all market players.
