Why people are quitting their jobs more than ever before ?

Many companies are asking this question, and it has become an important issue for managers and human resources.

According to Microsoft's "Work of Trend Index 2022" study, 43% of employees are likely to change jobs this year (2 points more vs 2022).

More concretely, what are the numbers of what is called "The Great Resignation"?

This phenomenon has its roots in the global Covid-19 pandemic.

In the United States, about 50 million employees resigned from their company in 2021.

Confinement and self-reflection have led employees to ask themselves the right questions such as "Does my work make me happy?", "Is my work in line with my values?", "Does my work have a meaning?

These questions are mostly asked by the generation Z, the people aged between 18 and 25 years old, 52% of this age group has considered leaving their company and their job in 2022.

Also, the Covid pandemic has witnessed the rise of digital nomads, these new entrepreneurs who work from their computer and change countries regularly.

They cultivate a different lifestyle: they enjoy the freedom to travel, to be fully flexible on their schedules and to choose their workload.

They particularly appreciate warm countries where the cost of living is affordable compared to Western countries. The countries regularly chosen by these new travelers are Thailand, Indonesia, Costa Rica and Greece.

What solutions are available to companies to recruit and retain talent?

The answer lies in the essential criteria sought by candidates:

1. Remuneration. This is always the most important criterion, especially with the current inflation.

2. A positive corporate culture and team recognition

3. Attention to mental health and well-being

4. Meaningful work and great work relationships

5. Flexible working hours

New talent therefore expects companies to pay them what they are worth and to feel good about their company with a culture focused on employee well-being and flexibility.

Companies can avoid turnover by offering competitive salaries, providing ongoing training and promotion, fostering a positive company culture, and listening to employee feedback and concerns.