Companies that made it through the pandemic in one piece now have a major new problem: more than a quarter of their employees may leave. Workers have had more than a year to reconsider work-life balance or career paths, and as the world opens back up, many of them will give their two weeks’ noticeand make those changes they’ve been dreaming about.
“The great resignation” is what economists are dubbing it.
- Surveys show anywhere from 25% to upwards of 40% of workers are thinking about quitting their jobs.
- “I don’t envy the challenge that human resources faces right now,” says Anthony Klotz, an associate professor of management at Texas A&M University.
A number of colliding trends are driving the resignation boom, experts say.
- University of Michigan economist Betsey Stevenson tells Axios, “People have had a little more space to ask themselves, ‘Is this really what I want to be doing?'” So some are deciding they want to work fewer hours or with more flexibility to create more time for family or hobbies. . . . full story at Axios