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US workers are walking off the job — and finding a better one. |
Some 4.3 million people quit their job for another in January in a pandemic-era phenomenon that’s become known as “The Great Resignation.” Quits peaked at 4.5 million in November. Before COVID-19, that figure averaged at fewer than 3 million quits per month. But the No. 1 reason they’re quitting? It’s the same old story. |
Workers say low pay and a lack of opportunities for advancement (63% respectively) are the biggest reason why they quit their jobs last year, followed by feeling disrespected at work (57%), according to a survey of more than 9,000 people by the Pew Research Center, a think tank based in Washington, D.C. |
"Roughly half say child-care issues were a reason they quit a job (48% among those with a child younger than 18 in the household),” Pew said. “A similar share point to a lack of flexibility to choose when they put in their hours (45%) or not having good benefits such as health insurance and paid time off (43%).” |
Pressures have intensified for people to work more hours and/or for better wages with inflation now at a 40-year high as COVID-related stimulus programs wind down. Meanwhile, credit-card debt and interest rates are on the rise, and two years of an uncertain and unsteady work environment has taken a toll on people’s savings. |
The good news: More than half of workers who switched jobs say that they’re now earning more money (56%), have more opportunities for advancement, have an easier time balancing work and family responsibilities, and have more flexibility to choose when they put in their work hours, Pew said. |
However, when asked whether their reasons for quitting a job were related to COVID-19, over 30% of those in the Pew survey said yes. “Those without a four-year college degree (34%) are more likely than those with a bachelor’s degree or more education (21%) to say the pandemic played a role in their decision,” it added. |
In an effort to cast more light on worker sentiment, Gallup asked more than 13,000 US employees what was most important to them when deciding whether to accept a new job. Respondents listed six factors, said Ben Wigert, the director of research and strategy for Gallup’s workplace management practice. |
A significant rise in income or benefits was the No. 1 reason, followed by greater work-life balance and better personal well-being, the ability to do what they do best, greater stability and job security, COVID-19 vaccination policies that align with their beliefs, and the organization’s diversity and inclusivity of all types of people. |
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