Welcome to the Growing Careers & Companies Podcast with Allison S. Weiss. Today, we discuss an important and hot topic, “the Great Resignation”. We talk about the context and statistics about this phenomenon, why it’s happening, how you can safeguard your organization, and what you can do if you’re the one who’s looking for a new position.
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“Your network is your net worth.”
Why is the Great Resignation happening?
If we go back to May of 2021, about 36% of all Americans were looking for a new job or were open to a new opportunity. Now, in September, according to a study by PricewaterhouseCoopers, nearly 65% of all Americans are looking for a new job. This number is even higher in the LatinX and Black communities.
46% of women and 34% of men are looking for a new job because of financial reasons, but non-financial benefits like flexibility, professional growth, learning new skills, and overall well-being are increasingly important drivers as well.
One of the main reason’s behind the Great Resignation is that the proactive attrition that happens every year didn’t happen in 2020 due to the pandemic. Those who would have left their companies in 2020 have delayed those moves to 2021, effectively doubling the normal turnover our economy would experience.
What you can do to safeguard your organization?
9 out of 10 executives are seeing more turnover within their organizations than normal. Here are some useful tips that you can implement today to make sure that you don't have a massive amount of departures:
What to do if you’re the one looking for a new opportunity?
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