As offices reopen after over a year of mostly remote work, some people are choosing to stay home if they can. But many aren't going back at all.
Here's what we know about who's quitting and why. 👇
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The resignation rate in the US is now at a two-decade high, and has led to a so-called "bidding war for jobseekers."
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In an analysis of more than nine million employee records from more than 4,000 companies, a team led by Ian Cook, VP of people analytics at @visier, found that resignation rates are highest among mid-career employees — those between 30 and 45 years old.
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"The Great Resignation" doesn't show up evenly across the labor market, however.
Research shows those in tech and healthcare jobs are quitting at the highest rates.
And it's not just because of pay, but because they don't feel valued at work.
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"The pandemic has reset people's purpose in life," said @jerometernynck, CEO of the hiring platform @SmartRecruiters.
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People aren't only looking to switch employers.
Jobseekers are taking advantage of the market boom to move up in their own careers — getting positions with higher salaries and advancement opportunities.
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Kathleen Duffy, president and CEO of the recruiting firm @DuffyGroup, told Insider that companies are offering signing bonuses up to $5,000 to gain entry-level employees.
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As the economy booms, the reshuffling of workers might be a good thing.
Workers can find the positions they better fit and feel valued in, and employers can learn how to better lead their employees.
Subscribe to Insider and read more:
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