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How are you seeing the Great Resignation play out at your organization?

We are a new organization and the Great Resignation has affected the old and established players more. I see five factors contributing to the great resignation: 1) Change in perspective During the pandemic, people have realized the importance of family and time to themselves. Working from home gave them the time they needed to think about what they actually wanted to do. It is not always just about a better remuneration package; for some, it’s about leaving a toxic culture, or no longer having the passion to work in a challenging ecosystem. Many people chose to work from home as a freelancer over having a full-time job. There’s even an article published by Forbes that highlights how leading platforms like Upwork, Fiverr and freelancer.com are growing. 2) Revenge People who were underpaid or not treated well by their organization during the pandemic are moving out. 3) Opportunity People are trying to capitalize on the increased opportunities. Once you have an offer, you use the LinkedIn badge “open to work” to do more job shopping.  The situation will not last long, and companies are looking at long-term solutions. Irrational offers to hire or retain employees are impacting profitability, but if a resource is capable and is still underpaid, there is no harm in utilizing this opportunity.

Anonymous Author
We are a new organization and the Great Resignation has affected the old and established players more. I see five factors contributing to the great resignation: 1) Change in perspective During the pandemic, people have realized the importance of family and time to themselves. Working from home gave them the time they needed to think about what they actually wanted to do. It is not always just about a better remuneration package; for some, it’s about leaving a toxic culture, or no longer having the passion to work in a challenging ecosystem. Many people chose to work from home as a freelancer over having a full-time job. There’s even an article published by Forbes that highlights how leading platforms like Upwork, Fiverr and freelancer.com are growing. 2) Revenge People who were underpaid or not treated well by their organization during the pandemic are moving out. 3) Opportunity People are trying to capitalize on the increased opportunities. Once you have an offer, you use the LinkedIn badge “open to work” to do more job shopping.  The situation will not last long, and companies are looking at long-term solutions. Irrational offers to hire or retain employees are impacting profitability, but if a resource is capable and is still underpaid, there is no harm in utilizing this opportunity.
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Anonymous Author
The Great Resignation may be overhyped, while some of the power has indeed shifted to the employees, it may not last too long. Having said that, both the Pandemic and the Great Resignation should force us to re-evaluate a structure that came out of the Industrial Revolution. Similarly, the old Monday-Friday 9-5 workweek should be re-thought since it is really dating back 80 years ago towards the end of WW2 when men would go out and work, while women would be tasked with raising children and managing the house.
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