Article by:
Grace Ferguson
Employees are quitting in droves, spurring the “Great Resignation” and hobbling employers’ retention efforts. While the reasons are varied, the most-attributed cause is the COVID-19 pandemic. Indeed, the virus has remarkably changed the world of work — and employers must adapt or see their business fold.
NEARLY HALF OF U.S. EXECUTIVES REPORT A HIGHER OR MUCH HIGHER TURNOVER THAN NORMAL AT THEIR ORGANIZATION IN THE PAST 6 MONTHS.
The Bureau of Labor Statistics (BLS) says 4 million Americans quit their jobs in July 2021. Resignations peaked at 2.8% in April, dropped to 2.5% in May, and then rose to 2.7% in both June and July. Additionally, a record-breaking 10.9 million jobs were available at the end of July. Read full employment article here.
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