The Great Resignation: Opportunities During an Employee Exodus

By Gabriel Birky Pohirieth
Published: 3/11/22
news backgroundThe Great Resignation: Opportunities During an Employee Exodus

The number of American employees that quit their jobs reached highs never seen before 2021. Categorized now as the Great Resignation, this is a trend that continues to be on the mind of many businesses as labor shortages seem to continue.

The final months of 2021 came to a close with a combined total of 8.8 million people in November and December, leaving their employment. But employers are using this as an opportunity to review what they can do to successfully bring the exodus of people back.

Turning the Tides of Resignation

The beginning of this exodus stemmed from many reasons, whether it was the financial and mental pressures due to the COVID-19 pandemic, job dissatisfaction, or the increasing costs of living, workers went searching for more pay and better benefits elsewhere. This happens for all stages of life, while younger workers search for better jobs, older workers are pushed to retire early.

Employees are looking to get more out of their jobs than before, beyond better pay and benefits. As the pandemic continues and remote work is now offered by more and more companies, employees search out flexibility like this.

But as job openings reached 10.9 million at the end of December and rose slightly to 11.3 million in January according to the Bureau of Labor Statistics, employers are making changes to turn the tides and bring more people back into work.

Rising Opportunities for Employers and Employees

As the unemployment rate slowly edges down to 3.8 percent this February, it seems to be a new wave of hope. Now that job openings are more bountiful, there are plenty of high-quality employees out there looking for work. Employers are realizing that they have the opportunity to bring in these people, but, this does require some changes.

Mental health, burnout, and overall employee wellbeing have played an important role in The Great Resignation. This is a great place for employers to start making changes. Employees are looking for companies that put a focus on financial wellness programs, flexible scheduling, wellness programs providing resources for better mental health, and even something as simple as more time off.

The key is to communicate freely and understand the importance of mental health and employee wellbeing while being open to feedback from employees on their needs. By adapting recruiting practices and putting forward a person-first approach, a company can show that they care.

Employers are beginning to add more benefits as well. Some offer programs to grow skills, financial incentives, and even reimbursement of tuition costs, as ways of attracting new workers and developing their own in-house talent.

As we can see now, possibilities are increasing for employers to gain new talent and for employees to finally find the right fit for them.

Transparency is an essential value for Appvizer. As a media, we strive to provide readers with useful quality content while allowing Appvizer to earn revenue from this content. Thus, we invite you to discover our compensation system.   Learn more
News backgroundJust In! The top news of the web - Week 19
News
May 13, 2022
Just In! The top news of the web - Week 19
What should you take away from the news this week? In this episode, we’re going to discover: Meta’s new “culture codes”, algorithm updates for LinkedIn, a new approach to understanding cybersecurity, the solution for employers in terms of remote work & productivity, and much more.
News backgroundJust In! The top news of the web - Week 18
News
May 6, 2022
Just In! The top news of the web - Week 18
What should you take away from the news this week? In this episode, we’re going to discover: New YouTube Shorts, new training for SMEs by Google, employees’ mental health at the office, how to protect your accounting firm from increasing cyber threats, and much more.
News backgroundJust In! The top news of the web - Week 17
News
April 29, 2022
Just In! The top news of the web - Week 17
What should you take away from the news this week? In this episode, we’re going to discover: New options for automated captions on YouTube and TikTok, tips on how to maximize content performance shared by TikTok, worker expectations push employers to address pay compression, and much more.
News backgroundJust In! The top news of the web - Week 16
News
April 22, 2022
Just In! The top news of the web - Week 16
What should you take away from the news this week? In this episode, we’re going to discover: Safety tools of Meta, new ‘Communities' features of WhatsApp, the future of 5G networks, how much companies tend to spend on digital transformation, and much more.
News backgroundConnect. Engage. Create: Talent Acquisition Week
News
April 22, 2022
Connect. Engage. Create: Talent Acquisition Week
Looking to hire new and skilled talent? Discover the best strategies and techniques for finding the most qualified people for the job at Talent Acquisition Week, July 25-29. Click here to read more!
News backgroundJourney to the Next Digital Summit in 2022
News
April 21, 2022
Journey to the Next Digital Summit in 2022
Are you digital marketers ready to get back to in-person events? Learn more about the Digital Summit conference series and other international SaaS and growth events!
News backgroundJust In! The top news of the web - Week 15
News
April 15, 2022
Just In! The top news of the web - Week 15
What should you take away from the news this week? In this episode, we’re going to discover: LinkedIn’s new founders guide, 20 UGC advertising stats & trends, live-stream commerce trends on TikTok, work-life integration, and much more.
News backgroundJust In! The top news of the web - Week 14
News
April 8, 2022
Just In! The top news of the web - Week 14
What should you take away from the news this week? In this episode, we’re going to discover: The most important social media marketing statistics for 2022, the solutions to protect companies from Russian cyberattacks, the domination of Zoom Calls after the pandemic, and much more.
News backgroundA.I. for All: The “No-Code” Movement
News
April 7, 2022
A.I. for All: The “No-Code” Movement
Does your business want to use AI tools but lacks the technical skills? Learn about the No-code AI movement and how you can take advantage of it.