Is your organization feeling the effects of the ‘great resignation?’ If not, you are one of the lucky few. Official figures from the U.S. Bureau of Labor Statistics show that resignations have been abnormally high through 2021. By the end of August, over 10 million open jobs were left unfilled. In a normal year, average turnover rates are typically under 20%, but in recent research from the Achievers Workforce Institute, over half of survey respondents said they would be looking for a new job in 2021. Retaining talent has become a major issue for many organizations.
The aftershocks of the COVID-19 pandemic are one cause of today’s great resignation. Some people had the time to reflect on their jobs and they began to wonder if they would rather do something else with their lives. Others hunkered down, put their careers on hold, and waited for the storm to pass. Now the economy is restarting, organizations are hiring, and employees can and will move on.
Read the full article at talentculture.