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.
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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.
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