It’s no secret that the economy has been on a downturn for the past few years. What may be less well-known, however, is the fact that this has led to mass resignations from jobs, a trend dubbed “The Great Resignation.” In episode 7 of the Soar Higher Podcast, Jason provides his insights into the phenomenon and offers some advice on how businesses can keep their employees happy and prevent them from resigning.
Reasons for Employees Resigning
There are a few key reasons that employees have been resigning en masse, Jason explains.
Wage Stagnation and Rising Cost of Living
As the cost of living has risen, salaries have remained relatively stagnant, leaving many workers feeling undervalued and unappreciated. Additionally, job satisfaction has been on the decline for years, and the pandemic has only made things worse. For many, the straw that broke the camel’s back was working from home during the pandemic and not being compensated for it.
Another key factor driving resignation is safety concerns. With the pandemic still raging, many workers are simply not comfortable going into an office environment. This is especially true for those who have underlying health conditions that put them at greater risk for complications from COVID-19. Not all companies are offering adequate safety protocols, such as proper PPE and social distancing measures, which has led to many employees feeling unsafe at work.
Better Remote-Working Policies
Many workers are resigning in order to work for companies with better remote-working policies. With more and more people working from home, it’s becoming clear that the traditional 9-5 office job is no longer a necessity. This has led to a rise in the number of employees who are telecommuting or working remotely.
Lack of Challenges
Jason also believes that many employees are resigning because they’re simply not being challenged at their jobs. In the current economic climate, companies are often reluctant to invest in employee development, which can lead to boredom and a feeling of stagnation.
How Businesses Can Prevent Employees from Resigning
Jason believes that the key to preventing mass resignations is to treat employees with respect and dignity. He recommends that businesses invest in their employees by providing them with training and development opportunities, as well as competitive salaries and benefits. Additionally, he suggests that businesses create a culture of open communication, where employees feel valued and appreciated.
By following these tips, businesses can create an environment where employees feel valued and appreciated and are less likely to resign.
Business Coach in Louisville, KY
Jason Ballard is a business coach who helps businesses create positive work environments for their employees. He is the founder of the Soar Higher Podcast, which provides insights and advice on how businesses can create cultures of excellence.
To learn more about the reasons why employees are resigning, or to learn how to prevent mass resignations at your business, listen to episode 7 of the Soar Higher podcast and call Jason Ballard to schedule a consultation.