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The Great Resignation, as it’s become known, has been a wake-up call for employers and a shift in consciousness among workers. During the pandemic, employees realized that they were no longer willing to accept certain circumstances in their job, leading many to quit resulting in a shortage of labor.
One of the primary reasons behind the Great Resignation was low wages, with many workers quitting simply because they were underpaid and often overworked. To ascertain how many workers have become focused on getting paid more, how they plan to achieve that, and how raises and ways of obtaining them differ among certain demographics, we conducted a survey of 1,003 employees throughout the US
Read on to learn how our respondents felt about being underpaid in today’s work landscape.
Key Findings
- 54% of employees believed they are underpaid due to inflation.
- 65% of those who asked for two or more raises in the last year received them—increasing their annual earnings by $5,000, on average.
- While 57% of employees said that more PTO would make a job more appealing, only 24% have tried negotiating for more PTO.
The Problem With Low Wages
The Great Resignation was primarily viewed as being a reaction to the pandemic in the sense that employees were feeling burned out and tired of unfavorable workplace conditions. It became clear pretty quickly, though, that it was really about low wages for many workers.
In the first part of our study, we asked respondents about their feelings on being underpaid in the current landscape, and why they feel they’re not making enough.
Perhaps the most telling aspect of this part of the study was that 60% of respondents said they’re underpaid; with the difference between feeling underpaid and properly compensated being $10,763, on average. There were, naturally, many different reasons that employees felt they were underpaid, ranging from their job title not reflecting the nature of their role (39%) to,…
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