Workday’s latest report reveals an increasingly competitive job market for employees, with the number of job applications growing four times faster than job openings. At the same time, top performing employees are quitting their jobs to look for better opportunities. The research highlights that among industries, 45% saw a decrease in overall engagement, attributed to the lingering impact of layoffs, divisive return-to-office policies, and slower growth. Meaningful work and feeling of accomplishment were found to be critical for employees to remain engaged and loyal.