For many businesses, the past two years have been a stress test unlike any other. Navigating this uncharted territory as a business owner, operator, or leader has been challenging, and workforce obstacles have been commonplace. The collective crisis we have all experienced forced everyone to re-evaluate their priorities leading to phenomena like the Great Resignation.
Americans are leaving their jobs at an unprecedented rate. In September of 2021 alone, 4.4 million workers left their jobs voluntarily. This put the Labor Department’s “quits rate”– a measurement of workers leaving jobs as a share of overall employment—at a historic high of 3%. This phenomenon, widely referred to in the media as the “Great Resignation,” started during the height of the COVID-19 pandemic last year and is seemingly here to stay.