“The Great Resignation” – why are so many considering quitting?

1 month ago

 

The global talent market has never changed this much, this quickly.

According to recent reports, record numbers of people around the world have decided that they’re ready for a career change. Microsoft’s 2021 Work Trend Index suggests 41% of people are likely to leave their jobs within the next 12 months!

Candidates are rethinking how they choose an employer. According to Linkedin, the priorities growing in most importance since COVID-19 began are:

  1. Inclusive workplace for people of diverse backgrounds +39%
  2. Flexible working +22%
  3. Open and effective management +11%

In the UK, the biggest change in candidate priorities is inclusion and diversity in the workplace; the happiness this creates translates into successFlexible work arrangements are a key focus, as over half of UK workers want to work from home in the future.

The last 18 months has also highlighted the importance of open and effective management, as this enables the balance to be happy and productive.

So what are the key reasons people may be considering resigning?

The job search backlog is disappearing

It seems like a lot of people are looking for a new role at the same time and this could be a direct result of uncertainty surrounding COVID. Candidates may have been holding off on their job hunt over the last 12 months as they needed job security to keep them afloat, but now things are looking a bit more ‘normal’, all of these people have restarted their search at the same time.

Neil Carberry, Chief Executive at the Recruitment and Employment Confederation (REC), said, “The jobs market is improving at the fastest pace we have ever seen, but it is still an unpredictable time.”

There are more opportunities than ever before and many candidates believe this is the best time to make the move.

Time to reflect

We have all been given time to reflect on our professional lives over the last 12 months. Whether candidates feel unsupported in their role or they now realise the importance of spending more time with their loved ones, they only want to work for a company that supports them and their need for flexibility.

On the contrary, while flexibility is important it doesn’t always mean better work-life balance. Global data from LinkedIn and Glint showed employees at remote-friendly companies were 32% more likely to struggle with work-life balance.

Hybrid working

Global data shows companies are falling short where it matters the most.

Have you implemented a hybrid or work from home policy? If not, do it now! Many people have absolutely no desire to go back to the office full time when they could be spending their breaks making their family dinners, putting their washing out or taking their dogs for a walk.

Microsoft’s research found that 46 per cent of people say they’re likely to move because they can work remotely now. Speak to your staff, find out what they want and implement it. Not only will this help you to hold on to your workforce, but it will help you to attract great talent too.

The future?

With the great resignation happening right now, these points show that the more human side of the workforce is something that candidates will continue to look for to find happiness in the workplace. Not just passively, as so many actively seek training to ensure more diverse and inclusive workplaces as well.

Whether that’s in the office, at home, or a hybrid of the two, this is a trend that isn’t set to disappear any time soon, as a happier and more balanced workforce has proven to be a more productive one.

Struggling to Recruit?

Here at Cummins Mellor, we’re passionate recruiters who challenge the status quo, creating better recruitment experiences for employers & candidates.

We understand that no two companies are the same and as a result, we tailor our services to suit each individual requirement. That’s why we have a proven track record for recruiting excellent quality candidates who fit with the long-term vision of your business.

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