3. The Economic Impact

Click below to see how the global economy is influencing employee and employer behaviours.

Nearly half of the workforce is worried their company may need to cut costs and layoff employees.

Remote workers are significantly more concerned about the safety of their jobs than those who are onsite.

57% of global workers engage in the “gig economy,” or would consider it, primarily to bring in extra money to support finance needs.

Of those who work multiple jobs, 80% have two jobs.

50% of global workers have reduced their spending as result of the economic climate.

Across the globe, the workforce is changing behaviours to save financially. South African, Brazilian and Asian workers are more likely to find additional income streams than US and European workers.

47% of Millennials are reducing their spending, but only 26% are delaying big purchases.

Boomers are most likely to reduce spending (54%), while Millennials pursue additional streams of income (42%). Gen Z are least likely to delay big investments (22%).

Globally, 27% of workers are buying lunch more than they were a year ago.

When we asked this in 2022, only 19% of hybrid workers reported to buying lunch more than they were the year prior.In 2023, remote and hybrid workers are doing more in-person actions (like shopping in-stores, buying coffee or lunch) around their workday than they were a year ago compared to those who are on-site full-time.Shopping online continues to become more prevalent among remote and hybrid workers.

21% of workers are shopping in-store before or after work less than they were a year ago.

More hybrid workers reported to a decline in these spending habits when we asked in 2022, compared to when we asked the workforce in 2023.