Working with and around people may lead you to confront the newest phrase in business, The Great Resignation. Fueled on by the COVID-19 pandemic as well as frozen wages and high employee turnover, the Great Resignation of 2021 left businesses reeling. With COVID-19 fading ever so slightly into the background as life returns to some semblance of normalcy, businesses are left wondering: is the Great Resignation here to stay and, if so, how can it be prevented?

Depth of the Great Resignation

First and foremost, a survey conducted by the team at Microsoft would reveal that nearly 41% of all employees were considering resigning from their positions. Compared to the pre-COVID employee turnover rates, Microsoft saw their rates jump from 26%. While it would be easy to lay blame at the door of the pandemic, this isn’t the entire case. The Great Resignation presents a shift in the dynamics at play within the labor market.

Causes of High Turnover (And How To Avoid Them!)

The catalyst isn’t always the cause, as correlation does not always imply causation. Businesses can get ahead of the Great Resignation as 2022 rounds fully into view by fully understanding what their employees are going through.

Here is a bird’s eye view of some of the most prevalent reasons for a high turnover during the Great Resignation.

Employee Burnout

There is a difference between surviving and thriving during the COVID-19 pandemic. Employee burnout is a term for the combined mental, emotional, and physical effects that come with a job. The COVID-19 pandemic accelerated burnout rates which left employees feeling anxious, lost, and without much help. 

Lack of Corporate Flexibility 

Employees are not automatons and the COVID-19 pandemic made that abundantly clear. As organizations were forced to adapt to work-from-home practices, some workplaces did not offer the flexibility. This was a huge source of fuel during the Great Resignation as nearly 54% of reported employees considered leaving their positions if flexibility was not carried into the workforce following the pandemic.

Failures in Managerial Training 

A business will succeed or fail based upon the efforts of its managers. Already a critical role pre-COVID, management is needed more than ever to provide support to employees while taking responsibility for major tasks. As a result of this heaped on responsibility, resignation rates for managers were through the roof compared to pre-pandemic numbers.

Contact Complete Employee Services

Complete Employee Services offers you peace of mind by taking control of all human resources and administrative functions for your business. CES takes on the role of researching and applying a myriad of HR topics that are integral not just to your business, but to the health and wellbeing of your employees.

Learn more about Complete Employee Services today!