As the country recovered from Covid-19 quarantine and business began normal operations, many discovered employees no longer wanted to return, and thousands of people quit their jobs is what is being called The Great Resignation.
Businesses of all types from restaurants to Fortune 500 companies found it difficult to find new employees. Why are people quitting their jobs and looking for greener pastures? Why are businesses finding it hard to find people?
We’ll examine The Great Resignation and discover the reasons behind employees leaving and why they can’t find new ones. The answers will surprise you, so read on and find out.
The Great Resignation Followed Great Layoffs
The Covid-19 quarantine and restrictions hit businesses hard with many forced to lay off employees just to survive. Whether it’s a small restaurant laying off a few servers or a major corporation laying off hundreds, it showed how little they meant to the company.
Companies were willing to sacrifice their employees for the sake of the bottom line. When the quarantine was over, the businesses needed these people back, but they no longer wanted to work for them.
So many businesses laid people off, there was a glut of jobs and people chose to find something different rather than go back to their old job.
Employees Discovered Their Worth
Even businesses that didn’t lay off employees had to change the way they did business. Many offices began remote working initiatives and employees got used to being at home with their families. Remote work provided flexibility, and many discovered they didn’t need an office to work.
When the quarantine was over, many employees resigned to find jobs that would allow the continuation of remote work. Offices unwilling to compromise with employees found then leaving as more businesses opened up remote work not only for employees but because it cut the cost of overhead.
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Government Incentives for Unemployment
The government reduced restrictions on who can receive unemployment benefits and increased the benefits following the Covid-19 outbreak. This influx of money often equaled or exceeded the money made at their previous job.
Employees chose to not work as long as the government incentives lasted. This led to many people leaving their low-paying jobs for unemployment and many people not returning to work. This placed stress on employers who were faced with either increasing wages to exceed the federal incentives or continue to be short-staffed.
Once the federal employment benefits stopped, people had many more options for jobs than before with many paying more than before the pandemic.
The Great Resignation Continues
It may be 2022, but The Great Resignation continues. Employers are still looking for qualified employees to fill pre-pandemic positions. The biggest businesses hit are those that paid minimum wage as employees seek higher wages and better working conditions.
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