A total of 11.5 million US workers quit their jobs during the months of April, May, and June 2021, and 4.3 million alone in August. Economists have termed this rush of workers leaving their jobs and jumping into new roles and new fields amid the pandemic as ‘the great resignation.’
But what has accelerated this historic rise in quitting? In normal times, people quitting jobs in large numbers signals a healthy economy with ample jobs however, in this era of the pandemic, millions of people struggled with their jobs. Yet employers are now complaining about acute labor shortages.
This phenomenon has created hiring challenges for companies and left millions of jobs unfilled.
Experts suggest that for some workers, the pandemic precipitated a shift in priorities, encouraging them to pursue a ‘dream job’, or transition to being a stay-at-home parent. But for many others, the decision to leave came as a result of the way their employer treated them during the pandemic.
The Microsoft 2021 Work Trend Index showed 41% of the global workforce are considering resigning this year.
Notedly, the great migration to remote work in the pandemic has also had a profound impact on how people think about when and where they want to work.
According to the Harvard Business Review report “employees want to work from home 2.5 days per week on average.” Hence, implying that people like working from home more than ever.
A survey conducted by LinkedIn reveals that 74 percent of those surveyed indicated that the time spent at home, either during shut-downs or working remotely during the pandemic had caused them to rethink their current work situation.
Also, over half in several surveys cite stress and burnout in their current position as a reason for their job change.