“The Great Resignation” Is Here: 95% Of Americans May Quit Job
The headline reads like fiction. But, it’s currently playing out in real time in the non-fiction section.
We’ve been talking on-air and writing here quite a bit about the current workforce crisis in America.
There are a record 9 million jobs available and simply not enough able-bodied Americans willing to work.
I don’t think that there’s ever been a time in American history like it.
America was built upon a foundation of hard work. Equal opportunity for all is there for the taking. Equal results are not guaranteed. It’s not handed to you, you have to work hard to earn it,
I read a fascinating CNBC article yesterday. It was so well done.
It broke word about the new concept of “The Great Resignation.” In other words, rather then go back into the office, many Americans will actually quit their jobs.
Even before this report, there have already been a record number of people who have quit their jobs.
As we wrote about yesterday, multiple companies and the federal government have had to resort to offering $1000 signing bonuses and offer other incentives just to get people to work.
This may prove to be the greatest time in American history to be a dedicated, hard-working employee. You will probably never see a time again in your lifetime where you are more marketable.
On its face, it would appear incredulous … however, Instead of heading back to the office in the wake of the COVID-19 pandemic, employees may quit instead.
In what’s being called the “Great Resignation,” 95% of workers are considering changing jobs, according to a report by Monster.com.
It’s hard to process this data. 95 percent of all workers are considering leaving the job that they currently hold.
The reasons are many:
- Bad current boss
- Feeling Unappreciated
- Pursue more money, signing, retention bonuses and other fringe benefits.
- Promotion to go elsewhere
These are just a few of the reasons.
Americans have also grown to like working from home. After spending more than a year at home, many don’t want to go back to commuting, preferring the flexibility of remote work at least a few days a week.
Others are simply burned out from logging long hours while also balancing child care and remote school, sometimes all at once.
And nearly all employees are ready to see what else is out there for them to consider.
“Either they’re unfulfilled from their jobs or their priorities have changed,” said Maria Reitan, founder and head coach at Jump Team, based in Minneapolis.
“In what’s been dubbed the “Great Resignation,” a whopping 95% of workers are now considering changing jobs, and 92% are even willing to switch industries to find the right position, according to a recent report by jobs site Monster.com.
Most say burnout and lack of growth opportunities are what is driving the shift, Monster found.
“When we were in the throes of the pandemic, so many people buckled down, now what we’re seeing is a sign of confidence,” said Scott Blumsack, senior vice president of research and insights at Monster.
Already, a record 4 million people quit their jobs in April alone, according to the United States Labor Department. This is unprecedented and stunning.
As Covid vaccinations gain steam, so are plans to return to the office, which is driving more workers to consider their options.
In a survey of more than 350 CEOs and human resources and finance leaders, 70% said they plan to have employees back in the office by the fall of this year — if not sooner — according to a report by staffing firm LaSalle Network.
The pressure is on employers like never before to take proper care of their employees, or, risk losing them.
Bad supervisors and managers must be rapidly retrained or moved out.
In a tight workforce environment, employees have the advantage.
Our supply chain in America is currently broken. Many restaurants, hotels and other industries can’t open or are operating on reduced hours because they can’t attract employees to work for them.
It still remains to be seen how all of this will play out. A happy ending is not guaranteed at this time.
SOURCES: CNBC, Monster.com, LaSalle Network & Jump Team.
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