A recent study by Reborrn has shed light on the challenges workers are encountering in the labor markets of Greece, the United Kingdom, and South Korea, offering valuable insights for corporate leadership teams navigating these diverse economic landscapes.
In Reborrn’s study, over 800 employees from large firms (with fewer than 250 people), evenly distributed across the three markets, selected the challenges they face from a list of 30 options, evaluating both their frequency and significance.
It is particularly noteworthy that the option “Employee contributions are not appreciated often enough” was chosen by 62% of respondents across the entire study sample, encompassing all three markets.
This makes it the most common challenge faced by workers today. However, two-thirds of the survey participants who selected this challenge were from Greece, raising concerns and significant questions about how companies manage their talent in the country.
Some of the most interesting observations from the study indicate that the challenges faced by employees vary from country to country. Specifically, in Greece, the dominant concern was “Lack of recognition,” in contrast to the other two markets.
In the United Kingdom, the top choice was “We operate as if everything is urgent,” while in South Korea, the main challenge was “It is not clear who has decision-making authority,” with each sample prioritizing different issues from the available options.
The study also revealed that young employees are the only ones who prioritize strategic issues as challenges.
Despite being at the beginning of their careers, the 25-34 age group across the entire sample identified a strategic issue concerning decision-making as their primary concern. Specifically, the option “Subjective opinions are prioritized over objective data” ranked highest in importance for young employees, with a score of 3.89 out of 4.
