How to Keep Your Most Valued Employees During 'The Great Resignation'
July 24, 2021
In the spring of 2020, millions of people were losing their jobs as the pandemic shuttered entire industries and sectors. Individuals who remained employed craved job security, so they hunkered down in gratitude, hoping that they wouldn't be one of the unlucky ones to become unemployed. Fast-forward to June 2021, and everything is different. The dire situation from last year has rebounded so rapidly that it's hard to comprehend the incredible resurgence in available jobs.
During the third week of June, a new kind of headline started appearing on news websites. In what Texas A&M University professor Anthony Klotz predicted as "the great resignation," American workers are resigning from their jobs in numbers not seen in the last 20 years. According to a Labor Turnover Survey (JOLTS) from the U.S. Department of Labor, job openings soared to 9.3 million, shattering previous records.