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Both Millennials and women report higher levels of burnout, as do employees with kids remote learning at home. "Our poll reveals that 57 percent of U.S.
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"Company leaders are still knee-deep dealing with the pandemic, but they have to look ahead to fend off a talent tsunami," said Melissa Jezior, president and CEO of Eagle Hill Consulting. The survey of 1,000 workers was conducted in November 2020 by Eagle Hill Consulting, a Washington, D.C.-based management consulting firm. "As remote work becomes a more permanent fixture of our lives even beyond the pandemic, it's important that employers are addressing these areas of concern in an effort to increase engagement and reduce turnover."īurnout was cited by a majority of the respondents who said they plan to quit their job this year. "Through the pandemic, some companies have lost mainstays of employee engagement such as focusing on work/life balance, enacting change following employee feedback, driving recognition and fostering company culture," said Natalie Baumgartner, chief workforce scientist at Achievers. Just 21 percent said they are very engaged at work. The study also found that 46 percent of respondents feel less connected to their company, and 42 percent say company culture has diminished since the start of the pandemic. The institute surveyed 2,000 employed adults in February, finding that 52 percent are looking for a new job, up from 35 percent a year earlier.
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Respondents gave a variety of reasons for wanting to move on to new opportunities, including disengagement and burnout, as well as the typical career-oriented contributing factors like wanting a promotion or raise.īetter compensation and benefits (35 percent) and better work/life balance (25 percent) are the top two reasons why employees would leave their current job, according to research commissioned by the Achievers Workforce Institute, the research arm of Achievers, an employee recognition software company in Toronto. Nelms said that 2021 will see less labor force participation and unemployment and more job openings, which "will lead to the same supply and demand issues we had before the pandemic, putting an emphasis on recruiting and fueling voluntary turnover." The projected number for December is 3.3 million, so we're already seeing a substantial return of voluntary turnover. "Just prior to the pandemic, you had about 3.5 million people leaving their jobs monthly, then that dropped to 1.9 million in April 2020.
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workforce," said Danny Nelms, president of The Work Institute, a research and consulting firm in Franklin, Tenn., focused on employee engagement and retention. "There is absolutely pent-up turnover demand in the U.S. Retention and turnover experts now predict voluntary job-leaving will increase significantly in 2021 as employees resume job searches they put off for the past year. More than half of employees surveyed in North America plan to look for a new job in 2021, according to a new report, while separate research shows that a quarter of workers plan to quit their jobs outright once the COVID-19 pandemic subsides and recruiting efforts ramp up.Įmployers were experiencing high rates of turnover prior to the economic shutdown triggered by the pandemic last spring, but since then, quit rates reached their lowest level in nine years.