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Is “The Great Resignation” over? Which industries quit rates are growing


Workers
Manufacturing industry quit rates still on the raise after the pandemic

According to Workplace Intelligence, from 2021 to 2022, more than 15 million people have left their jobs in what was coined the “Great Resignation.”


From hybrid work norms to employee assistance, one of the many ripple effects of Covid-19 was a laser-beam focus on creating a new world of work.


According to Tom Gibby, the co-founder and CMO of employee experience technology company The Bot Platform, “The pandemic proved how fragile life is and how quickly everything can change. As such, many people want a job that can happily coexist alongside their personal life—not something that competes with it.”


Although industries such as leisure and hospitality, health care and social assistance, and government have seen quit rates stay the same as pre-pandemic levels. Industries such as mechanics, barbershops, pet care, transportation, warehousing and utilities, technology, and manufacturing still continue to experience rising quit rates.


What's still causing the rise in quit rates, four years after the pandemic? The need for employee well-being in the workplace. Under the trends of hybrid work and AI integration in the workplace, the importance of employee well-being is ranked third in “The Top 10 Workplace Trends for 2024”. It is said employees are the unhappiest they’ve been in 3 years. Gallup reports that the majority of the world's employees (around 6 out of 10) are quietly quitting — that is, doing the minimum requirements of one’s job and putting in no more time, effort, or enthusiasm than absolutely necessary


So, how are employers combating this? By promoting employee well-being within the workplace. This can be achieved by fostering an environment where employee wellness is a priority, including offering a comprehensive group benefits package where workers are encouraged to utilize services such as enhanced mental well-being programs and paramedical benefits, as well as financial well-being options such as extended critical illness and life insurance coverage.


All in all, while the Great Resignation may be coming to a close for some, no matter which industry you are in, since the pandemic, employees are holding employers to a new standard by starting to prioritize their wellness.

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