2020 and 2021 saw the rise of The Great Resignation. It’s the term we’ve given for the trend of workers leaving their jobs due to the COVID-19 pandemic. Some are leaving because of working conditions or an unsafe environment or because they’ve become burned out and dissatisfied with the work they’re doing. The Great Resignation is led by tech and healthcare employees in middle age and younger hospitality and service industry workers. Can we expect The Great Resignation to last into 2022? Here is what you need to know.
Women and Middle Management
Women are leading the way in The Great Resignation, quitting their jobs at a 1.1% higher rate than their professional male counterparts. There are many reasons for this, including the increased burden the pandemic put on women handling not only work but also children at home. Many are also leaving for better opportunities or citing burnout as their key factor. People in middle management roles are also more likely to leave their current jobs.
A survey by Bankrate indicated that 55% of currently employed individuals are expecting to look for a new job. Over half of the workforce leaving current jobs is a startling statistic, and one that employers need to focus on as we begin the new year. How can businesses improve retention? And, what may be more important, how can companies tap into the vast amounts of new talent coming into the job market.
Changing Mindsets Around Traditional Employment
One of the biggest challenges moving forward may be a complete reimagining of what work is. Those leaving jobs say they are burned out, dissatisfied, or frustrated with work environments or conditions. What if the solution isn’t to keep doing what’s always been done but update the workplace to accommodate what employees want? More work from home, flexible schedules, better work/life balance, and results-oriented work instead of time-based workdays are all solutions to consider.
How to Hire Top Talent in 2022
With everything we know about The Great Resignation, there is good news. Companies can tap into this wave of talent now available. Pulling from individuals leaving other industries, such as service and hospitalities, some can find trainable talent and upskill them to perform high-level jobs in a much better workplace environment. Being creative and flexible will help you uncover hidden gems.
How will you find top talent in the New Year?
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