Majority of Saudi workers are confident and consider seeking new opportunities, according to new research by LinkedIn. Despite global economic uncertainty, majority of employees in the kingdom feel confident in pushing for promotions and salary raises.
Despite hiring levels slowing down in the Middle East and Europe in 2022 as compared to 2021, the survey has revealed that 68 percent of the Saudi workforce feel confident in securing a new job.
Over 7 in 10 workers feel confident about pushing for a pay raise, however, despite the increase in confidence to grow in current roles, majority professionals are considering changing their jobs in 2023.
Top reasons for Saudis to job switch
Flexibility
The survey revealed that although workers are more confident in career prospects, job security concerns and a preference for remote work are key drivers for career moves.
Over 6 in 10 professionals said that if offered a new job or promotion that requires them to be in the office full time, they would deny the opportunity in favour for a hybrid or remote work policy.
Millennials dissatisfied with current jobs, seeking new roles in 2023
The appetite for switching careers is highest among millennials who show almost 15 percent more confidence in job searching, interviewing and in their abilities to secure better jobs in 2023.
The factor that this can be attributed to is the millennial age group eel that their employer is not invested in them, with Gen Z, almost 25 percent lesser expressed those concerns.
Millennials also feel more undervalued at work, over 46 percent, with most of them not feeling motivated enough and expressing that their wages do not require them to show high levels of commitment.
Gen Z hold back on new opportunities due to economic challenges
Gen Z employees are concerned with the fact that their employers have not dealt with current economic uncertainty well, leading to more worries about job security. The distress could be the factor leading to less commitment to current jobs, with external commitments taking priority over work.
“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,” said Ali Matar, Head of LinkedIn MENA and EMEA growth hub.
“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.”
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