Posted on 10/26/2021 5:30:44 PM PDT by RomanSoldier19
At least one in four people quit their job this year, and the share could grow before the end of 2021, according to data from the people analytics firm Visier. Its latest report accounts for voluntary departures from over 50 U.S. enterprise companies and upwards of 500,000 employees across industries.
While many employee surveys throughout 2021 forecast the share of people intending to quit, like a PwC survey indicating 65% of people were looking for a new job as of August, Visier data from January to August finds an annualized rate of 25% of people actually quit their job this year.
It's a "substantial increase" even from 2019, says Ian Cook, Visier's vice president of people analytics, when 22% of employees quit their job during a year of record turnover and a tightening labor market prior to the coronavirus pandemic.
"The volume at which people are changing jobs is unprecedented," Cook tells CNBC Make It, which he says isn't surprising given the way people have reevaluated their work and personal values during the pandemic, but it's catching employers by surprise nonetheless.
(Excerpt) Read more at msn.com ...
They refuse to acknowledge the obvious. Idiots.
A whole lot of people are relocating from places like California and New York to places like Texas and Florida. That often requires quitting, even if there was no issue with the previous employer.
When businesses identify the groups most in need of help for retention, they can take targeted actions to support these workers rather than deploy generic programs and initiatives.
Gonna be a hell of a lot more if these mandates kick in.
They aint seen nothing yet.
There are tons of openings, people are changing jobs.
Low to no raises = high turnover. Companies would rather pay more overall with new hires and disruption than match inflation for current staff.
Can't be the money. I pay as well as I can but honestly the guys down the street pay more with hiring bonuses.
Perhaps it is that I treat them like people and do not insist they get medical procedures to work for me?
You have a problem, come talk to me and we will work something out.
A lot of it is probably the older generation passing away, and passing their inheritance/property down to their children. I have a close friend who went ahead and retired when this happened, so he could focus on closing his mother’s estate which required selling a property in another state, etc. Her estate gave him enough money he doesn’t really have to work now either.
This trend of people quitting their jobs, however, is absolutely driving our wannabe masters crazy, since it shows we’re not as dependent on their large company plantations as they want.
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