{"id":23087,"date":"2021-10-04T16:41:07","date_gmt":"2021-10-04T20:41:07","guid":{"rendered":"https:\/\/www.sherweb.com\/blog\/?p=23087"},"modified":"2022-09-02T12:53:05","modified_gmt":"2022-09-02T16:53:05","slug":"what-is-the-great-resignation","status":"publish","type":"post","link":"https:\/\/www.sherweb.com\/blog\/partner\/what-is-the-great-resignation\/","title":{"rendered":"What is The Great Resignation and why should you care?"},"content":{"rendered":"

Change has been one of the\u00a0few\u00a0reliable constants\u00a0during\u00a0the pandemic. The\u00a0global workforce\u00a0is\u00a0an\u00a0example\u00a0of\u00a0how\u00a0industries\u00a0of all\u00a0kinds\u00a0are\u00a0being forced to evolve.\u00a0We\u2019re on the brink of an overhaul\u00a0as\u00a0serious\u00a0as\u00a02020\u2019s sudden shift to\u00a0remote work<\/a>.<\/p>\n

There is a mounting\u00a0move towards\u00a0hybrid work,\u00a0a\u00a0flexible\u00a0model where some\u00a0people are\u00a0returning\u00a0to\u00a0onsite\u00a0workplaces,\u00a0others\u00a0are sticking with remote\u00a0work, and some are doing a mix of both. Above all, many are prioritizing health and happiness over being thankful they have a job at all.<\/p>\n

While remote work has created new opportunities and improved work-life balance for some, teams have also become more\u00a0siloed<\/a>. Digital exhaustion is a threat worth taking seriously. Meanwhile, old news alert: whether remote or onsite, turns out many employers\u00a0are\u00a0over-demanding and\u00a0dangerously out of touch with their teams.<\/p>\n

But if Microsoft\u2019s recent\u00a02021 Work Trend Index<\/a>\u00a0is any indication, employers\u2019\u00a0wishes are beside the point these days. Come\u00a0what may,\u00a0the talent landscape has shifted in fundamental and irreversible ways, and\u00a0flexible work arrangements are here to stay.<\/p>\n

What\u2019s\u00a0the moral of the story?\u00a0If you want to\u00a0make it through this ongoing transition intact, a\u00a0thoughtful approach to hybrid work\u2014and human work\u2014is crucial to\u00a0attracting\u00a0and\u00a0retaining\u00a0diverse talent.<\/p>\n

What is The Great Resignation?<\/h2>\n

four million people quit their jobs in April<\/a>\u00a0alone, including 650,000 retail workers<\/a>. This mass event kickstarted what\u2019s now commonly referred to as \u201cThe Great Resignation.\u201d Although the focus has often been on white-collar jobs, this mass departure is happening at all levels. It has also taken a special hold of low-wage yet ‘essential<\/a>‘\u00a0jobs\u00a0in\u00a0hospitality and retail.<\/p>\n

Microsoft\u2019s research shows that\u00a037% of the global workforce\u00a0currently\u00a0feel\u00a0their companies are asking too much of them.\u00a0And\u00a0over 40% are considering leaving their current employers this year.\u00a0And before you get overly focused on pay, know that money\u00a0actually has\u00a0little to do with it.<\/p>\n

Some employees are realizing how much time they spend commuting. They want to keep working remotely so they can spend more time with their families. Others have reached peak digital burnout and are vying for more human connection. Still, others have reached a point where they\u2019re no longer willing to put up with less than respectful treatment at their jobs, to put it lightly.<\/p>\n

One way or another, all these roads lead to an unshakeable desire for change. And employees\u00a0are<\/i>\u00a0finally taking to the road.
\n <\/p>\n

How employers drove workers to quit<\/h2>\n

The reasons employees are quitting\u00a0en\u00a0masse vary about as much as people\u2019s opinions of these reasons. Some people like to place blame on millennials and\u202fGen Z\u202ffor wanting\u00a0\u201cinstant\u00a0gratification.\u201d\u00a0Some like to pass judgement on those who wish to continue\u00a0benefiting\u00a0from pandemic relief programs which pay them better than their jobs ever did.<\/p>\n

But\u00a0there\u2019s\u00a0a lot more to this than the idea that people are lazy or over-entitled.\u00a0It\u2019s\u00a0important to break it down just a bit further and look at the specific role employers have played in all this. Because really, all\u00a0the pandemic\u00a0did was\u00a0shift\u00a0an\u00a0existing\u00a0sentiment\u00a0into overdrive.<\/p>\n

Whether\u00a0it\u2019s\u00a0a reduction in benefits, a deteriorating work-life balance, or a\u202ftoxic workplace culture, the reasons behind the employee exodus can be boiled down to\u00a0how employers have (or\u00a0haven\u2019t) treated their people during the pandemic.<\/p>\n

Many\u00a0essential frontline workers saw the same low wages as usual, but with\u00a0longer hours,\u00a0understaffing,\u00a0negligible\u00a0safety measures,\u00a0and\u00a0no paid sick leave.\u00a0That\u2019s\u00a0a recipe for rapid burnout.\u00a0Employees who were already thinking about quitting\u00a0pre-pandemic\u00a0were easily pushed over the edge.<\/p>\n

Unsurprisingly, many\u202fcompanies that already had a toxic work culture<\/a>\u202fkept right on making\u00a0unsupportive\u00a0choices like laying people off, and companies that already had a positive work culture have generally continued to treat employees well. Throughout all this, employees have\u00a0stayed\u00a0with\u00a0companies\u00a0that\u00a0offered meaningful support while running like hell from those\u00a0that\u00a0didn\u2019t.\u00a0Can you blame them?<\/p>\n

Then\u00a0there\u2019s\u00a0the fact that many\u00a0companies are\u00a0telling\u00a0employees to come back\u00a0to the office this fall. This,\u00a0in spite of the fact that\u00a0as many as\u00a01\u00a0in\u00a03\u00a0employees’<\/a>\u00a0productivity is out of touch.<\/p>\n

As employees\u00a0demand\u00a0more\u00a0flexible work arrangements,\u00a062.8% of\u00a0HR leaders<\/a>\u00a0who\u00a0actually heed\u00a0these demands\u00a0find\u00a0that\u00a0hybrid work\u00a0optimizes\u00a0employee performance. Forcing people to go back\u00a0sends the message that you care more about\u00a0\u201chow it\u2019s always been done\u201d\u00a0than about what\u00a0works\u00a0best, both for your employees and for business.<\/p>\n

Although people have always cared about the quality of their workplaces, the pandemic made them want to\u00a0be more proactive in their careers. The life-and-death nature of the pandemic brought our most human fears to the forefront. You know, those concerned with our health, our kids\u2019\u00a0health, and our ability to cover our basic needs financially.<\/p>\n

When we\u2019re worried about the quality of our humanity, guess what? We\u2019re less likely to be hyper-productive. Employees expected their employers to take a supportive, human approach and address their concerns in whatever ways they could. Companies that didn\u2019t respond appropriately have had to watch as many of their employees leave for jobs where they\u2019re\u00a0valued\u00a0as human beings rather than just workers.
\n <\/p>\n

What\u2019s\u00a0next?<\/h2>\n

As the pandemic loses intensity in the western world, people nonetheless continue to expect more from their workplaces.<\/p>\n

In spite of the fact that\u00a0Covid put millions out of their jobs, businesses are struggling to fill open positions. Although many retailers are offering incentives in the form of higher wages and hiring bonuses,\u00a094% are still having difficulty finding willing\u00a0workers<\/a>.<\/p>\n

The crux of the matter is that while\u00a0financial incentives are a\u00a0good\u00a0start, they\u2019re just the tip of the iceberg. Many\u00a0employees in\u00a0retail and\u00a0hospitality\u00a0are departing for positions with better\u00a0benefits,\u00a0opportunities for promotion,\u00a0and,\u00a0you\u00a0know, human\u00a0compassion. And many will favor these elements, even over higher pay.<\/p>\n

To add to the punch, with so many\u00a0employers\u00a0trying to fill positions,\u00a0the power of choice really has shifted to employees. Companies that have had success in the past based on their past reputation or because their employees have no better option are receiving a rude awakening. To succeed in today\u2019s job market, it\u2019s necessary to offer truly meaningful incentives.<\/p>\n

To add to all this, HR hires have recently exploded. This makes sense, since so many employers need help finding and\u00a0retaining\u00a0talent. But the approach to finding talent is changing. Employers willing to take a more relaxed and\u00a0creative approach to talent development\u00a0are finding top talent in unexpected places.<\/p>\n

Many are\u00a0hiring people from non-traditional backgrounds\u00a0who\u00a0they\u00a0would\u00a0previously\u00a0have dismissed\u00a0based on\u00a0their\u00a0official qualifications<\/a>. Many are also beginning to hire remote talent based in other parts of the world.\u00a0Both\u00a0new approaches\u00a0are proving to be\u00a0a great source\u00a0of fresh talent.<\/p>\n

At the same time,\u00a0\u2018employee retention<\/a>\u2019\u00a0is\u00a0losing its stronghold as the\u00a0ultimate goal. Many\u00a0younger\u00a0employees\u00a0average\u00a0about\u00a02 years with\u00a0their\u00a0companies, preferring to switch jobs as a way of gaining new experiences and growing their careers.<\/p>\n

That said,\u00a0if you can\u00a0offer quality training and compelling opportunities for advancement,\u00a0they\u00a0might just\u00a0hang around\u00a0longer\u00a0than expected.
\n <\/p>\n

Bottom line<\/h2>\n

Investing in higher wages, more meaningful opportunities, and authentic wellbeing isn\u2019t just the\u00a0right<\/i> thing to do anymore. It also happens to be the best way forward for your business!<\/p>\n

If you\u2019re looking to add some structure to the chaos, PurelyHR<\/a> can help. Its powerful modular software is here to support your everyday HR needs.<\/p>\n

We want to give you more time by providing industry-leading tools for essential tasks like time and attendance tracking, performance reviews, infraction tracking, and more.\u00a0Click\u00a0here<\/a> to learn all about how this software can help you.<\/p>\n","protected":false},"excerpt":{"rendered":"

Change has been one of the\u00a0few\u00a0reliable constants\u00a0during\u00a0the pandemic. The\u00a0global workforce?","protected":false},"author":177,"featured_media":23092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[750],"tags":[447,733,1015,1033],"class_list":["post-23087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-partner","tag-hr","tag-talent","tag-purelyhr","tag-trends"],"yoast_head":"\nWhat is The Great Resignation?<\/title>\n<meta name=\"description\" content=\"Covid put millions out of their jobs, yet, businesses are struggling to fill open positions. 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