Welcome to the Great Resignation. Better treat your people right.
"I quit." At the end of Q1 2021, there were 7.64M job vaccines in the US. While the employment rate has improved, unemployment continues to hover around 5.9%, with 9.5 million people unemployed.
Compounding the problem is what psychologist Anthony Klotz has termed the Great Resignation, and it's a significant problem. While millions were laid off during the pandemic, millions more simply quit, leaving their jobs for various reasons, from burnout to retirement to career changes.
It is decidedly a job-seekers market today with only one available worker for every job opening. And sadly, the recovery is shining a light on occupational segregation.
On the positive side, there is a newfound sense of no longer feeling captive to a job because of new and better-paying employment opportunities.
Frustrated with restrictive or overly demanding employment where many employees are fed up with treatment at their workplace has contributed to "rage quitting," where potential new opportunities mitigate the risk of saying "see ya."
Employers - do right by your people.