The Great Resignation

Although the pandemic has been the primary driving factor in The Great Resignation, other forces have contributed to the wave of employees quitting their current roles. Some of these include:

• A greater desire by employees for remote work ȏΖQFUHDVHGVDYLQJVIURPJRYHUQPHQWVWLPXOXVH΍RUWVDQGORZHUFRPPXWLQJ costs ȏ(PSOR\HHRSSRVLWLRQWRLQSHUVRQRɝFHPHHWLQJVDQGDIXOOWLPH UHWXUQWRWKHRɝFH ȏ1HZWHFKQRORJ\WKDWȇVDOORZHGIRUVLPSOLȴHGDQGVWUHDPOLQHGUHPRWH collaboration

• Employee relocation during the pandemic • An increased focus on work-life balance • A desire for greater pay by employees • Employee burnout

Due to these disparate factors, the current U.S. labor shortage has had a profound impact on the job market. Increasingly many professionals have sought to leave the traditional 9-to-5 workday behind and strike out on their own as freelancers and independent entrepreneurs. Younger generations, particularly Millennials and Generation Z, have led the way in The Great Resignation. More than half of Generation Z workers, for example, have reported planning to seek out a new role within the next year.