Images of Morse Digitalvision | Getty Images
According to the expert who introduced this term, there is no return from the changes in the workplace caused by the Great Resignation.
Organizational psychologist Anthony Klotz predicted in May 2021 that Pandemic coronavirus covid-19 infection would lead to long delays. Since then, millions of Americans have quit their jobs; a a record 4.5 million the workers left in March alone.
The initial surge was due to the backlog, as workers did not resign in the midst of the pandemic, he explained. They also burned out, unhappy and overestimating their lives.
“The pandemic has shifted the future of work to the present of work,” said Klotz, a professor of management at the Mays School of Business at the University of Texas A&M.
More from Invest in You:
The companies hope that these benefits will help them in the “Great Permutation”
Young workers are sharing wage information as pay transparency is gaining momentum
California considers a 32-hour work week for large companies
The transition to remote work and changes in job flexibility could not have happened for another 30 years had it not been for the crisis, he explained.
Although the cessation of work meant a quick transition to work from home, many employees do not return to the office full-time, if not return at all, as restrictions are relaxed. Others can work with anywhere in the world or just four days week. Some even provided flexibility around hours they work.
“We will not return to the world of work in 2019,” Klotz said.
“Because these work arrangements give us more flexibility and control over our lives, as well as more independence and freedom in the way we structure our lives, I don’t think most people are ready to return to a traditional work environment,” he said.
“New changes are here to stay,” Klotz added.
Certainly, flexibility and well-being are key to workers these days. Approximately 63% of job seekers cited work-life balance as a top priority when choosing a new job. Global talent trends LinkedIn 2022 report.
Compensation and workplace culture also matter. Low wages, lack of training opportunities and a sense of disrespect were the main reasons why American workers said “I resigned” in 2021, according to a poll by Pew Research Center.
Those who have left and are now working elsewhere are likely to have better pay, an improved work-life balance and flexibility and more opportunities to advance to a new job, the survey found.
People also decided to retire instead of looking for a new job, while others became their own bosses and started a business. In fact, there was a surge forming a new business last year, according to the U.S. Census Bureau, the number of applications reached 5.4 million.
That’s why Klotz sticks to the phrase Big resignation instead. “Great permutation“or‘ Big Reboot. ’” Other terms emphasize how people feel it differently, but reflect only part of it, ”he said.
The big resignation, on the other hand, covers many reasons why people are fired, Klotz said.
He expects this to continue since then the labor market is still tense and many of the psychological drivers of the movement are still present.
“Workers from the C-Suite to the front line are still feeling a bit out of line as the exit from the pandemic drags on and continues,” said Klotz, noting that many companies are still experimenting with working mechanisms.
However, those executives who have shifted their focus to the growing demands of their employees see a lower level of turnover, he noted.
“We are entering a period of time in which much of the layoff activity we see is that employees are moving towards companies that have made that shift, that have accepted the future of work, rather than resisted it,” Klotz said.
REGISTRATION: Money 101 is an 8-week financial freedom training course delivered weekly to your inbox. For the Spanish version Dinero 101, click here.
Disclosure: NBCUniversal and Comcast Ventures are investors Acorns.