Why Employees QUIT! The Great Resignation
The reasons hiring and retaining employees is so challenging right now and what it looks like into 2022 and beyond. The video goes over the reasons people quit, what is preventing them from getting a new job, things you can do to make employment more attractive, and thoughts from senior economists as to what the future looks like.
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Top 10 Reasons Employees Quit, highest reported at 1 down to lowest at 10.
1. The pay was too low
2. No opportunity for promotion
3. Felt employer was disrespectful
4. Lack of childcare
5. Needed more flexibility
6. Unhappy with benefits
7. Relocating to a new area
8. The job required too many hours
9. Job didn’t offer enough hours
10. The employer required a COVID-19 vaccine
What is preventing people from getting a new job?
1. The Startup Boom
2. The Wealth Effect
3. Fear of the COVID-19 variants
4. Exploring a new career
5. Burnout
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