![]() Employers continue to rely on traditional levers to attract and retain people, including compensation, titles, and advancement opportunities. What we are seeing is a fundamental mismatch between companies’ demand for talent and the number of workers willing to supply it. At the current and projected pace of hiring, quitting, and job creation, openings likely won’t return to normal levels for some time. 2 US Bureau of Labor Statistics quits levels and rates data, December 2019 through May 2022. Even as employers scramble to fill these positions, the voluntary quit rate is 25 percent higher than prepandemic levels. ![]() Job openings, hires, and total separations by industry, seasonally adjusted,” Job Openings and Labor Turnover Survey, US Bureau of Labor Statistics, July 6, 2022. In the United States alone, there were 11.3 million open jobs at the end of May-up substantially from 9.3 million open jobs in April 2021. For certain categories of workers, the barriers to switching employers have dropped dramatically. The Great Attrition has become the Great Renegotiation.Ĭompetition for talent remains fierce. They are taking a time-out to tend to their personal lives or embarking on sabbaticals. People are switching jobs and industries, moving from traditional to nontraditional roles, retiring early, or starting their own businesses. It’s the quitting trend that just won’t quit.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |