What Is The Great Resignation?

“I Quit!”. Rarely were the words heard at large in well-reputed companies but now it threatens to become more commonplace than ever. Why? Let’s just say that the pandemic had quite a few devious tricks up its sleeves! People went through depression, loss of health, and work. Not knowing what the next day would bring, a constant uncertainty hit us all. Among all of these troubles a general sense of ill-preparedness for the mass resignation this inspired in the workforce. As a result, job openings were rushed to fill, and quality hiring was put on the back burner. The communication gap fueled this situation, causing nightmares on both ends. Thus, leading to more complexities and frustrations among employers and employees.

Are The Employees Really Calling It Quits?

Undoubtedly, COVID-19 has shaken the hearts and minds of the workforce. Both large and small organizations are facing an immense shortage of employees. Enterprises are losing alarming percentages of their labor forces, causing a devastating impact on their turnover. The United States Department of Labor surveyed the situation from April until June 2021 and found out that a total of 11.5 million employees had quit their job. Moreover, a global survey of 30,000 workers conducted by Microsoft showed that 41% of employees were dissatisfied. They were either considering quitting or switching their jobs.

Surveys and forecasts made by experts have predicted more resignations, as new the number of job openings increases and threatens to shoot off the chart. The U.S Bureau of Labor Statistics provides a complete summary of this,  the highest spike on record.

Is the Pandemic Alone to be Blamed for the Great Resignation?

As COVID stubbornly refuses to leave, it gives time to employees to rethink their preferences. But what does this have to do with the Great Resignation?

First off, civilians have been given a wake-up call by the dreadful virus. The layman has realized that life is too short to work at a place he or she does not feel they really belong to. It’s a common situation today for a worker who rerouted his or herself back to looking into their dream job or business, the one he or she always planned but never arrived at.

Secondly, a workforce that was denied welfare and other facilities to which they felt they had earned the right have finally spoken up. Employers believed that there would always be people looking for jobs, even if they mistreated their laborers and deprived them of the appropriate salary package. Consequently, the mustered-up strength against the bosses resulted in resignations and a search for a better and more valued job opportunity.

The Disintegrating Companies

The most anticipated consequence of COVID-19 is that consecutive lockdowns have affected both mature and new businesses harshly. The fear is that the owners may no longer in a position to pay their workers the fair amounts they deserve. Companies are getting caught by losses, and as astute as the workers are, they know their next pay might not reach them. Workers on their way to beat the clock are quitting their jobs and turning to more promising companies.

The Undeniable Fear of COVID-19

Now the world is divided into two types of people, COVID-19 positive and negative people, surveys have shown that the majority of people quitting are involved in fieldwork or the tertiary industry. Not only this, white-collar workers have expressed exasperation towards the irresponsible behavior of their leaders and CEOs. Many companies have stubbornly reopened without waiting for the deadly wave to settle down. Workers have reported being forced back to work too soon. Hence, it is no surprise the fear of COVID-19 is pushing the workers to find jobs of a safer nature.

Are Remote Workers Getting Their Fair Share?

It’s time to dispose of traditional management skills – This is one thing we have all grown to learn in the COVID-19 lockdown situation. Remote workers contributing to the input of an online operating company require a smart leader, one with genuine leadership skills that allows flexibility to his fellows.

Remote working has complicated the work-life balance for millions of people. Let’s not forget that the mass departure of people is happening for every level in the hierarchy of a company. Even the people working at higher levels are potentially subjected to unfair treatment. Owners who seek to get the most out of the talented employees amidst this pandemic have a lot to deal with.

How to Bring The Great Resignation To A Halt?

Personal safety issues, unfair treatment, crumbling businesses! Now that we know what’s leading these massive quits, we might also know some possible solutions and outcomes.

Necessarily, change should be implemented by the leaders. The clenched teeth management is not very promising for workers. The pandemic has been hard for everyone and we all are trying to put food on our table. A skeptical attitude will not help but raise concerns and disturb the harmony. Factors such as personal safety, a lack of fair treatment, dealing with managers, or an inequitable work-life balance are stressing employees out, and ultimately this can lead to resignation.

According to a survey by Bonusly, 63% of the people agreed that with regular recognition they are very unlikely to quit the job. Therefore, communicate more with your workforce and let them know that you genuinely care. Organizations should own the responsibility for the mental well-being of their workers. Furthermore, recognizing remote and fieldwork while facilitating them with gadgets and proper implementations of safety measures would encourage them to go a mile more, rather than quitting and switching jobs.

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