Posted in Industry Trends

Dubbed “The Great Resignation“, Americans are leaving their jobs in droves. There’s even a post on Wikipedia documenting this movement.

These past 18 months have brought much uncertainty, stress, and adaptation in the workplace.

Employees have become more assertive with what they will and won’t tolerate in the workplace, and soaring resignation rates have been the result.

What do the stats tell us?

4 in 10 workers said they’re planning to look for a new job in the coming year. This exodus of workers has created hiring challenges for companies nationwide. 

Employees aged 30 to 45 years old have seen the most significant rises in resignation rates, with an average increase of more than 20% between 2020 and 2021.

Resignations were greater for employees who worked in sectors with extreme increases in demand as a result of the pandemic, including tech and healthcare.

While some people have left the labor force entirely, others are concerned about job security and higher pay.

Adjustable working hours and remote work were listed as a top priority by 56% of respondents.

Changeovers should be anticipated, but when an employee abruptly quits and takes all of the knowledge you meticulously instilled out the door with them, it can be a crushing blow. The hiring process costs more than just money. Knowing that over half of U.S. employees said they intend to look for a new job in the next year, how can you prepare?

  • Look at your culture, incentives, and adapt to the new demands in the workplace.
  • Flexible hours and remote work.
  • Vested incentive plans paid out over time.
  • Consider using performance management software and having regular one-to-ones with your employees. Believe it or not, most managers don’t have formal monthly meetings.

If it comes down to it, we’re here to help. We’re recruiting specialists in the health and tech sectors, which are seeing the biggest turnover.  

With our recruiting resources and decades of expertise, we’re meticulous in finding just the right employee for your workplace.

We’re confident a short discussion with our team will show you the best way to fill that open role.