The exodus of employees many of us are now familiar with (nicknamed “The Great Resignation”) is shaping up to be one of the most memorable work trends of the pandemic.
Despite a significantly high unemployment rate and feelings of uncertainty generated by the pandemic, the spike in people quitting their jobs has hovered at record-breaking level according to recent Labor Department data. And concerning for employers, studies are suggesting as much as 40% of employees are currently thinking about leaving their jobs.
Why is this happening? One reason is grounded in economics: Pent-up supply of job hoppers, and relatively generous unemployment benefits is making quitting more alluring. Another is grounded in psychology: Employees have a newfound motivation to find meaningful work.
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