Don’t do it. Don’t fall for the trap of the headline. “The Great Resignation” isn’t really a thing. Something else is happening.
We have entered an era that should be known as “The Great Contemplation.” That’s the trend line people should be worried about. And by people, think chief human resource offices, talent directors, and leaders in general.
But, unfortunately, it’s about to get ugly.
The Real Data
Yes, of course, overall quit rates—particularly in the U.S.—are up in July, August, and September of this year compared to 2020.
Not a huge amount, but the rates are definitely up. When you dig deeper into the U.S. data via the Bureau of Labor Statistics, the most significant increases are in leisure & hospitality, retail trade, and education & health services.
Where the issue lies is social and mainstream media’s proclivity to take a headline and completely overlook the trend line. Some even mistake the headline for the trend line.
What’s the trend?
Knowledge workers (like many here on Forbes) are in a pandemic-induced contemplation, furiously pondering their next career move. Not yet. But soon. It’s about to get very real.
It’s not the quit rates that we should be worried about, however. Instead, it’s the contemplation rates of quitting that are what is troubling.
Actual quit rates do show increases across all industries—from 2.3% to 3.0% between September 2020 and September 2021—but it’s not as though it has hit double digits. Yet.
The Real Trend Line
The more alarming statistic has to do with what is brewing. It doesn’t seem to matter what research you review or what survey has been conducted; it seems that almost everyone is thinking about moving on to a new role.
For example, according to a recent survey by job search site Joblist, 73% of respondents are considering quitting their roles in 2022. In another example, CNBC, gender equality firm Catalyst, and Harris Poll released a report titled “The Great Work/Life Divide” and found nearly 50% of employees are contemplating leaving their job.
The researchers also wrote, “Approximately 41% of those surveyed say they are considering leaving their job because their company has not cared about their concerns during the pandemic.” There’s that word care again.
These alarming rates of contemplation statistics have been going on since about the summer of 2020. Dependent on what piece of research or survey you review, the quit rate contemplation statistics range between 40% and 80%. That is, there are millions of employees worldwide that are envisioning their next move in 2022.
What’s Really Happening?
Now more than ever before, people are doing the mental and emotional legwork wondering:
- Is my boss a jerk? Are they kind?
- Do my teammates care about me?
- Does my organization stand for something?
- Am I paid fairly, respected & valued?
- Is the culture something I can work in?
- Is hybrid or flexible work allowable?
- Am I unfulfilled or fulfilled in my role?
That’s what is different. People are swimming in a cocoon of questions.
The year 2022 is going to see contemplation turn into a talent war. In fact, it’s no longer going to be coined a talent war; we’re heading for a talent apocalypse.
Buckle up. Better yet, if you’re a chief human resource officer, talent director, or leader at whatever level, now is your chance to do something about it.
The Great Resignation is merely the headline. It could become a thing, but it’s not at the current moment.
The responsibility lies with preventing the Great Contemplation from turning into the talent apocalypse.
And that itself starts with an audit of your organizational culture, employee experience, and leadership practices.
_______
Check out my 4th book, “Lead. Care. Win. How to Become a Leader Who Matters.” Thinkers50 #1 rated thinker, Amy. C. Edmondson of Harvard Business School, calls it “an invaluable roadmap.” There’s also a self-paced online leadership development masterclass available. Nearly 100 videos across nine practical leadership lessons.
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November 23, 2021 at 02:13AM
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‘The Great Resignation’ Isn’t Really A Thing. Something Else Is. - Forbes
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