The Great Resignation provided your organization with a once-in-a-lifetime to adapt and thrive in a chaotic marketplace. As Covide moves into memory, owners will soon realize that the lockdown aftermath provides a chance to attract the top avatars.
A striking statistic in our “Great Resignation” is that 22% of employees who quit have cited that they left to launch their own business (1). It may appear that we are entering a new era of start-up businesses. This underreported phenomenon is an excellent indicator of employee expectations soon. A future where employees will expect their jobs to provide meaning and accelerate their career path. This number may also suggest that employees now view their current jobs as a short-term position to prepare themselves to launch their businesses in the future.
A new shift in employment is the desire for employees to have a flexible work schedule. This new ‘freedom’ will allow employees to manage their workload on their schedule and from home. The trend is so pervasive that a recent Gallup poll asserts that 51% of employees say they would change jobs for a new flexible work schedule. A recent CNBC poll shows that 76% of employees want flexibility in schedule and location (2).
Millennial workers are looking to looking for career development. Gallup recently reported that 45% of millennials say that having a job that accelerates their career development is “very important.” This number is only 31% of Gen X’s and 18% of boomers. These numbers are striking as only 40% of HR leaders are unaware of their employee’s skills, and only 34% invest in workforce learning or reskilling (Mercer). Our Great Resignation has crystalized the path that employees need to take a turn to invest in employee training and education.
There is a striking number in the American workforce. This number asserts that five-million men are still missing from the US workforce (3). Bloomberg reported that a primary reason for this higher-than-normal number is that this demographic is simply not looking to return to work (4).
(1) https:/www.cnbc.com/2021/10/12/why-50percent-of-workers-want-to-make-a-career-change-new-survey.html
(2) https:/www.cnbc.com/2021/10/12/why-50percent-of-workers-want-to-make-a-career-change-new-survey.html
(3) https://www.bloomberg.com/news/articles/2022-04-11/prime-age-male-employment-remains-below-historical-levels
(4) https://www.bloomberg.com/news/articles/2022-04-11/prime-age-male-employment-remains-below-historical-levels