The "Great Resignation" - Why Are People Quitting?
The reasons are still the same, but with the pandemic, quitting has almost become a fad. But why? Why are people leaving their jobs now more than ever? Here are the top 5 reasons people are quitting and what you can do about it.
Reason 1: Burnout – Without a doubt, the #1 reason people leave their jobs is burnout.
Solution: Create an environment where they have more control. Offer flexible work schedules or remote work options. Don’t pile on the work and walk away. Everyone has a breaking point.
Reason 2: Fear of being stuck – No one wants to stay in the same job until retirement.
Solution: Develop a career path. Show them how to develop their skills and what growth looks like at your company.
Reason 3 : Work/Life Struggles – Many families are juggling expectations, both professionally and personally. They struggle to find balance.
Solution: Offer benefits that include mental health programs, as well as child/elder care benefits. Communicate openly and make sure you understand what your employees are dealing with outside of the office. Alleviating some of the personal stresses can help lighten the load while at work, creating a more balanced life.
Reason 4 : They want a change – The pandemic opened the door for reflection and with that reflection people started asking themselves if there is something better out there.
Solution: Show them how valued they are. Implement employee rewards and recognition programs. They don’t have to be grandiose and costly, just meaningful. And the minimal cost you may shell out for a new rewards program is nothing compared to the costs that come with turnover in your organization.
Reason 5: A bad manager - You know the drill. People don’t leave companies, they leave managers.
Solution: As stated earlier… communicate with your teams. Keep the lines open and make sure that your employees know they have a voice. Implement anonymous surveys that can help you weed out inefficiencies, pay concerns, or… (gulp) bad managers.
The pandemic isn’t over yet. In order to retain your top talent in this increasingly tight labor market, organizations have to shift their focus and create employee retention strategies now. Don't wait for a mass exodus to start making changes.