A Trend That Began Before The Pandemic The ‘Great Resignation’ – And Bosses Need To Get Used To It
Ian O. Williamson, University of California, Irvine
Finding good employees has always been a challenge - but these days it’s harder than ever. And it is unlikely to improve anytime soon.
The so-called quit rate – the share of workers who voluntarily leave their jobs – hit a new record of 3% in September 2021, according to the latest data available from the Bureau of Labor and Statistics. The rate was highest in the leisure and hospitality sector, where 6.4% of workers quit their jobs in September. In all, 20.2 million workers left their employers from May through September.
Companies are feeling the effects. In August 2021, a survey found that 73% of 380 employers in North America were having difficulty attracting employees – three times the share that said so the previous year. And 70%...