Why People Are Really Leaving Their Jobs during the Great Resignation
Why People Are Really Leaving Their Jobs during the Great Resignation
Business leaders are struggling to come to terms with the mass exodus of their employees in what is termed as The Great Resignation. This has led to a staffing crisis and at the same time a talent retention crisis. Researchers have gone deep into this occurrence and have come up with different causative factors. Some of them include poor management, poor well-being, and performance deficits. So, what is leading to people quitting their jobs in such a large manner? Is it that they simply want better wages, or that their jobs don’t align with the values they have? Now, here’s an in-depth research on this subject that shows the following reasons people are really leaving their jobs during The Great Resignation:Toxic Corporate Culture is By Far the Strongest Predictor of Industry-Adjusted AttritionAccording to our research, toxic corporate culture is the leading causative factor of The Great Resignation. Perhaps even more than low wages. And some of this toxicity is evident in the failure to promote equity, diversity, and inclusion. Most workers feel like they are being disrespected every day when they go to work. They also feel like it’s all unethical behavior.High Levels of InnovationThere have been very high levels of innovation within the industry, and this has motivated staff to quit and start their own businesses. If you look at the top startups, their leaders and founders were once employed but then quit to start their own ventures. While this is positive, it is leading to a massive loss of labor force for companies and businesses.And as innovation continues, we expect that this massive exodus will only increase with time. Creativity and research are the biggest contributors to innovations.Failure to Act Leads to Employee DissatisfactionEmployees are more likely to leave a company when they feel that you’re unresponsive or simply don’t care. Everyone wants a listening ear, and them not getting it means that you might not care enough to understand their plight. This is all about feeling noticed and cared for at the workplace than it is about getting higher wages. Basically, how you treat someone matters even more than how much you pay them. Because, if they don’t feel that they belong there, then they’ll be less productive. Hence, they’ll want to leave and go where they feel appreciated and more productive.Failure to Recognize PerformanceThere are employees who make a significant contribution to the company. They sacrifice a lot just to see everything flowing smoothly. But yet, they don’t get the recognition that they deserve. All because of the toxic culture that’s within the corporate industry. Most employers feel that they are entitled to get that great performance from you anyway. Thus, they don’t see any need for it.
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About Felix Yim
Felix is the founder of Society of Speed, an automotive journal covering the unique lifestyle of supercar owners. Alongside automotive journalism, Felix recently graduated from university studying business law and finance and enjoys helping students and other young founders grow their projects.