Note: this is the first part of a 2-part series covering the Great Resignation and steps to take before and after leaving a job. Part 2 will include practical advice regarding job search and creating a timeline for yourself.
The United States is facing a shortage of labor. There are 10 million job openings in the United States and 8 million unemployed. In April 2021, a record 4 million Americans left their jobs, and this trend is becoming a global phenomenon as well. Microsoft’s Work Trend Index shows that 40% of the global workforce considered leaving their jobs in 2021. So, what’s going on?
The movement of people leaving their jobs in huge numbers has been dubbed the “Great Resignation”. According to a CNN report that focuses on 2021’s Great Resignation, people who have quit their jobs cite their main reason for quitting as burnout. While the Covid-19 pandemic resulted in mass layoffs, in a paradoxical twist, people are now leaving their jobs after having had time in lockdown to reflect on their careers. Now more than ever, workers are looking for flexibility in the workplace, especially after the pandemic has proven that remote work is just as productive as work in an office setting.
The Great Resignation isn’t just a term coined by media outlets – it’s really happening and can be seen on a micro scale. For example, the subreddit r/antiwork has seen tremendous growth in the last few months. In November 2021, a staggering 600,000 members were on the platform. In November 2020, that number was only 50,000. Talks of quitting jobs have been cropping up in lots of everyday conversations and has become a noticeable theme even in humorous memes posted online.
The Covid-19 pandemic changed everything we know about work, and had us all making huge shifts in our work schedules as we adjusted to working from home and on remote schedules. There are a lot of variables that come into play when people are considering leaving their jobs. Some people lost their jobs during Covid and struggled financially. Some made new investments and pursued side hustles that resulted in a windfall of money. Others had the year to contemplate what they really want out of their careers and reflect on whether their current jobs were giving them what they needed.
Joining the Great Resignation is a tempting course of action. Who wouldn’t want to quit an unfulfilling job and move onto something better with more freedom? However, there are a lot of considerations to make. If you’ve found yourself debating whether you want to quit your job and make a career shift, we’re here to help you with your decision. Our decision tree lists out some important questions and things to consider for you if you are considering quitting your job.
Another way to clarify your thought process and determine whether leaving your job is the right choice for you is to create a flow of logic to really get down to the bottom of your thinking and help generate a plan. Keep reading for some prompts. (Remember doing Mad Libs in middle school? Here’s a throwback to that.)
Hopefully our graphics and suggestions gave you some more clarity about steps to take moving forward, whether that’s quitting your job or taking steps to make your current job more fulfilling. The Great Resignation is signalling a movement towards a better and healthier work environment for individuals. If you need help or guidance along the way as you move forward, feel free to check out our 14-day free trial. Lloyd is here to guide you towards making the best decisions for your career.
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