In 2021, we witnessed the emergence of a significant workforce trend known as “The Great Resignation.” The following year, we delved into the phenomenon further with a closer look at “The Big Quit.” Now, as we continue to observe the landscape of UK employment, it becomes evident that The Great Resignation is still in full swing.
According to Personneltoday.com, a staggering half of UK workers are actively seeking new job opportunities. This raises an important question: why, despite high employment rates, are people still leaving their current jobs in droves three years on?
The Evolution of The Great Resignation
The Great Resignation originated as a response to the COVID-19 pandemic, prompting individuals to reevaluate their priorities and reassess their career paths. This trend, however, shows no signs of subsiding. Employees are seeking more than just financial stability; they yearn for fulfilling work, improved work-life balance, and increased flexibility.
Reasons for Continued Job Switching
While the cost of living crisis undoubtedly influences individuals’ decisions, it is not the sole contributing factor to The Great Resignation. Various other factors play a role in employees’ choices to seek new opportunities. These include:
- Work-life balance: The traditional notion of long hours at the office with limited flexibility is losing its appeal. Individuals desire a better balance between their personal and professional lives.
- Purpose and fulfilment: Many employees are seeking work that aligns with their values and provides a sense of purpose. They want to make a meaningful impact in their careers.
- Career growth: Stagnation in one’s current role can lead to job dissatisfaction. Employees are actively searching for opportunities that offer growth, development, and advancement.
- Work culture: A supportive and inclusive work environment is crucial for retaining talent. Employees want to be valued, heard, and recognised for their contributions.
What Employers Can Do
To address The Great Resignation and retain valuable employees, employers must adapt to the changing landscape. Here are some steps they can take:
- Foster a supportive work culture: Create an inclusive and respectful work environment where employees feel valued and appreciated. Encourage open communication and provide regular feedback.
- Embrace flexible working arrangements: Offer hybrid work models that allow employees to work remotely part of the time. This flexibility enhances work-life balance and improves job satisfaction.
- Invest in employee development: Provide opportunities for training, upskilling, and career progression. By investing in their employees’ growth, employers demonstrate a commitment to their long-term success.
- Recognise and reward employees: Implement recognition programmes that acknowledge and appreciate employees’ hard work and contributions. Celebrate achievements and milestones.
The Government’s Role
Government intervention is crucial in addressing The Great Resignation. Policymakers should collaborate with employers to develop initiatives that support the evolving needs of the workforce. This includes:
- Affordable housing solutions: Address the challenges of affordable housing to alleviate financial burdens on employees.
- Fair wages and benefits: Advocate for fair wages and comprehensive benefits packages to ensure employees are adequately compensated for their work.
- Work-life balance legislation: Implement legislation that promotes work-life balance, such as flexible working hours and parental leave policies.
Strategies for Employers and Policymakers to Combat The Great Resignation
The Great Resignation continues to reshape the UK employment landscape. While the cost of living crisis is a contributing factor, individuals seek more than just financial stability. Employers must adapt to the evolving needs of their employees by fostering a supportive work culture, embracing flexibility, investing in development programmes, and recognising employee contributions. Collaboration between employers, employees, and the government is essential to create an environment that empowers individuals and shapes the future of work.
Do you want to know more about how long people are staying in roles for? Take a look at our other article, explaining this in more detail!