Older workers are now the least likely to ask for a pay rise

You might think that Baby Boomers, who have lived longer than Gen Z and Millennials and generally have more work experience, would be the most confident to ask for a raise. A new investigation, conducted by Indeed, revealed that they actually display the greatest hesitation.

This idea builds on research first conducted in 2019, when 65% of workers aged 54 to 65 said they felt comfortable, or somewhat comfortable, asking for a raise. salary in their current job. That figure has fallen to 51% in the latest findings – and the ambivalence also applies to the demand for promotions.

What are the causes of job insecurity?

The economists behind the report suggest the COVID-19 pandemic may have shaken the confidence of older Americans more than any other group.

Remember, 2020 has decimated the workforce and no one could predict when the economy would return to normal. As a result, 76% of respondents (out of a total of 2,000 American adults) ranked having a “secure and stable form of employment” as a top priority in 2021, 68% of respondents said they have realized that their current job was more important to them than they were. carried out before the pandemic, and 67% described the pandemic as “a valuable learning experience in their career”.

“People overwhelmingly seek stability in their personal and professional lives,” according to the authors of the new survey.

No more signs of stress

Regardless of age, about one in four have expressed anxiety about the pandemic. You’re not alone. New findings include:

  • 27% said their life deteriorated throughout 2020.
  • 22% of those surveyed said their mental health had declined in 2020.

And yet some workers say the pandemic has benefited their careers

A small but significant portion of the population saw a silver lining during COVID-19:

  • 35% agreed that “more time with family” was the most significant change in their life in 2020.
  • 25% said they saw “more opportunities to work from home”.
  • 23% noted a “better work-life balance”.

Many of the women interviewed said that they After comfortable asking for flexible hours and workplaces, and a less rigid schedule since the COVID-19 pandemic, even though men were still more confident than women in these areas overall. Both have seen a drop in confidence since the pandemic.

According to the authors, 74% of men and 58% of women said they felt comfortable or somewhat comfortable asking for a raise, while 81% of men and 66% of women said they did. before the pandemic.

About Homer Yonker

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