GoodFirms, a research, and review platform, has published a “Who Can Stop This Unstoppable Great Resignation?.” The survey was conducted to uncover and analyze the reasons for the mass exodus of employees in the post-peak pandemic era.
The research reveals some of the most shocking trends and employee work-life metrics leading to the great reshuffling.
The research further elaborates on how the pandemic has created a craving for flexibility in jobs and an alternative to working from the office or home. There is a sudden talk about the flexibility in work hours, mental health, and well-being equations. Employees are now negotiating more easy-to-handle work hours and shunning companies with a rigid job hour policy.
“Pandemic’s greatest impact on the business world was ‘shift to remote work.’ The pandemic afforded unprecedented flexibility. People accustomed to it cannot fathom returning to work from office mode. Therefore, inflexible employers are struggling to keep up their workforce.” GoodFirms reported.
The research also iterates how the attrition rate has increased in the pandemic era, with most employees quitting voluntarily. Life shocks, acquiring new skills, desire for upward mobility and changed priorities are some of the elements driving the great resignation. The research also dives deep into how vaccine mandates from employers and fear of infection are affecting employee psychology.
The research concludes with a commentary on how the great revolution mirrors the worker’s revolution in the newfound world. Employers that wish to retain their workforce will have to go the extra mile to survive amidst the biggest turnover in the modern business environment. Companies will have to restructure their compensation plans, rethink recruitment, invest in the human resource management systems (HRMS), strategize employee well-being programs, implement flexible work models, and allow employees space to create a better work-life balance.
Key takeaways from the research include:
- The employee turnover rate has increased after the peak-pandemic period.
- Pandemic changed employee perception and compelled employees to rethink their priorities.
- 7 percent of employees still want WFH(Work from Home)
- 2 percent of employees are planning to quit their jobs while 29.8 percent are not sure about it
- 7 percent of employees cited frequent stress and work-related burnout
- 08 percent of employees are struggling with mental depression
- 31 percent of employees think they can do better if they leave the current job
- 6 percent of employees favor vaccine mandates
- 50 percent of employees fear infection while working from the office
- 1 percent of employees think their current salaries are not enough
- 9 percent of employees remain discontent with their increments and promotions
- 1 percent are not happy with career development opportunities
- 2 percent of employees are indignant about their managers’ role and behavior towards them.
To view the full survey report, visit: https://www.goodfirms.co/resources/who-can-stop-this-unstoppable-great-resignation
