(Newswire.net — June 11, 2022) — The Great Resignation has become one of the catchphrases most heard during the coronavirus pandemic. Data shows that the number of workers leaving their jobs rose from 2.3% in January 2021 to a new record high of 3.0% by March 2022. There are several theories as to why more and more employees are leaving their jobs – keep reading to find out.
Better Pay
Among various reasons why workers are quitting their jobs, wanting better pay ranks among the highest. In a survey undertaken by the workplace review website Glassdoor, almost half of employees (45%) claimed that salary is the biggest reason they change jobs.
The authors of the survey found that pay can be one of the biggest motivators for employees to take a job, but very few job listings show pay and salary information, making it harder for employees to gain insights into what their life might look like if they take said job.
As the cost of living continues to rise, employees are becoming more desperate to provide for themselves and their families. If they have to leave their job to have the funds to care for their loved ones, they’ll do it.
Burnout
Burnout is the number one reason employees cite for leaving their jobs. What with Covid and everything over the past couple of years, it’s been a long time coming for many people.
Burnout was a serious problem even before the pandemic, but the effects of the pandemic itself have exacerbated the rates at which people are finding themselves emotionally and mentally exhausted.
In an attempt to combat this, many businesses have incorporated employee rewards and other systems into the day-to-day running of things. Evidence supports these types of schemes and shows that they can have a significant impact on the way that employees are feeling while at work. There’s nothing worse than not receiving recognition for the hard work you’re putting in – one of the leading factors that result in burnout in the first place.
Lack of work-life balance
As millions began working from home in 2020, people discovered that they liked it and could be just as productive, if not more, when working from home as working at the office. The problem now is that workplaces want to return to more collaborative environments again, but employees don’t agree.
People discovered that they could save hours of their day by not commuting, the time they could spend with their loved ones, or catching up on sleep instead. As cheesy as it sounds, people are learning the true value of their time and will leave their job if it means having a better balance between life and work.
Final thoughts
To summarise, more and more people are leaving their jobs because they’re not feeling appreciated in terms of pay or work-life balance, ultimately leading to burnout. In order to foster a healthy workspace and create an environment where people want to work, it’s important for employers to show they care about their workers in everything that they do – pay and flexible working in particular.