According to the U.S. Bureau of Labor Statistics, 4 million Americans quit their jobs in July 2021. Resignations peaked in April and have remained abnormally high for the last several months, with a record-breaking 10.9 million open jobs at the end of July. How can employers retain people in the face of this tidal wave of resignations?
Who Is Driving the Great Resignation?
An analysis of 9 million global employee records sheds light on key trends around which employees are most likely to quit.
September 15, 2021
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Summary.
The last several months have seen a tidal wave of resignations, in the U.S. and around the world. What can employers do to combat what’s being called the Great Resignation? The author shares several key insights from an in-depth analysis of more than 9 million employee records at 4,000 global companies, and offers a three-step plan to help employers take a more data-driven approach to retention: First, employers should quantify both the problem and its impact on key business metrics. Next, they should identify the root causes that are driving workers to resign. Finally, organizations should implement targeted retention campaigns designed to address the specific issues that they struggle with the most.