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3 Sep

Despite Looming Recession Fears, One-Third of Staff Still Plan

Despite Looming Recession Fears, One-Third of Staff Still Plan

Despite differing opinions from economists paying close attention to the recession, the Great Resignation is forging on. A latest survey from the Conference Board where they spoke with 1,100 staff found that one-third of staff are still actively on the lookout for latest jobs and plan to quit their current ones.

94 percent of those surveyed who reported quitting their company within the last yr have zero regrets.

“Despite worries of a recession—and the hiring slowdown and layoffs that usually result from a downturn—the labor market stays strong. And this robust jobs market is constant to empower staff,” said Rebecca Ray, PhD, Executive Vice President of Human Capital at The Conference Board in a press release. “Our survey results reveal they proceed to want more flexibility and better pay, and so they’ll go elsewhere to realize these advantages. But slowing economic growth makes the choice to leap ship riskier. To retain talent, firms should work with their employees to find out to what extent they’ll accommodate their needs.”

Job fatigue is cited as one in every of the important thing aspects driving staff out the door, particularly millennials and ladies.

Multiple in 10 staff (11 percent) reported quitting their jobs due to being overloaded by work. 1 / 4 of Millennials shared they made a move due to job fatigue, that’s greater than twice the proportion of Baby Boomers (25% vs. 11%). What’s more, 25% of girls quit due to job fatigue, in comparison with just 13% of men.

“Employees are voting with their feet to realize flexibility. But with flexibility must come boundaries,” said Robin Erickson, PhD, Vice President of Human Capital, The Conference Board in a press release. “Mix the power to work any time with heavier workloads as colleagues resign amid the Great Resignation, and it’s no surprise we’ve seen a severe increase in employees who’re overwhelmed at work. And now, this survey reveals that a couple of in 10 are quitting due to it. Managers should recurrently monitor their employees’ workload to make sure it’s manageable.”

More information may be found at ConferenceBoard.org.

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