The last year has been challenging for everyone. The shifts caused by the global pandemic took a toll on every worker and organization worldwide. It exacerbated the daily issues at the workplace, loading even more tasks and responsibilities on workers’ (already full) plates. Thus, creating the so-called Great Resignation trend.
In collaboration with several managers and HR professionals, this article focuses on “The Great Resignation,” the reasons behind it, and the trends surrounding it.
According to the U.S. Bureau of Labor Statistics, up to 3% or 6.3 million Americans quit their jobs last November. Another interesting statistic from the Bureau shows that most of these quits are generally voluntary separations initiated by the employee.
Sure, some of those employees were changing careers for better conditions, but many of them were leaving the workforce for good. Why is that?
Many surveys and polls sought an answer to that question. In fact, some even tried predicting future steps of employees. One of them, Qualtrics, in their annual Employee Experience Trends Report for 2022, predicts that 5% fewer workers plan to stay in their current job than in 2021. From those, women in middle management positions are three times more likely to resign or find a new job.
But it’s not only women but middle managers, in general, who are also less likely to keep their current jobs in 2022. To put that in numbers, only 63% of middle managers plan to stay at their jobs in 2022 compared to 2021, when that number percent reached 83%.
Kate Langford, the CEO & Business Coach at Kate Langford Career Consulting, explained that further: “People want to work for a company:
- Where company values align with their own, leaving your integrity at home will quickly chip away at your sense of pride in working for the company, affecting your motivation levels and willingness to commit long-term.
- They trust and respect. ‘People don’t quit jobs, they quit bosses. A lack of trust and respect will affect the company’s whole culture, with employees eventually walking out as a result.
- Where they spend most of their day doing work they love.”
Reflecting on the COVID-19 pandemic, she added: “One thing that this pandemic has done for us is that it challenges us to rethink what matters most to us in life – and being happy is usually right at the top of the list. Money alone isn’t enough to make us love a job.
Neither is the ability to do it well – there needs to be something more!
We’re living in a time when the sky is the limit in terms of opportunities, and people are tired of simply settling, when in fact achieving our wildest dreams is actually also an option!”