TechHR
ex
L&D
UNPLUGGED
Sphere
About Us • Contact Us
People Matters Logo
Login / Signup
People Matters Logo
Login / Signup
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

 

 

  • HotTopic
    LeadersSpeak
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
  • About Us
  • Advertise with us
  • Become a sponsor
  • Contact Us
  • Feedback
  • Submission Guidelines

Follow us:

Privacy Policy • Terms of Use

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

People Matters Logo
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast
Login / Signup

Categories:

  • HotTopic
    LeadersSpeak
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
Record-setting quit rates aren't just about pay, burnout is a key concern: Study

Story • 16th May 2022 • 2 Min Read

Record-setting quit rates aren't just about pay, burnout is a key concern: Study

Employee Relations#GreatPowerShift

Author: Mastufa Ahmed Mastufa Ahmed
5.5K Reads
Of the record 4.5 million Americans who quit their jobs in March, many were driven by a desire to earn a higher income. However, a study suggests that burnout is also contributing to greater attrition rates in certain industries.

People are quitting in droves for a variety of reasons, not just pay. According to a new Morning Consult poll of over 1,300 American workers who quit in the last year, while money was a primary concern for 63% of recent quitters, 53% listed family and personal commitments as reasons for leaving an old employer.

Burnout is also contributing to higher numbers of quits in certain industries, finds the study. Data shows that understaffing is driving burnout, which is leading to even more employees quitting. 

“Insufficient labour places a significant burden on existing workers and can lead to burnout and a greater likelihood of quitting,” according to the study.

Between February and April, the share of workers who said their employer has too few workers to do the work that needs to be done was 46.8% in the food & beverage and leisure & hospitality industries, and 39.8% in retail. 

During the period, 12.3% of US adults voluntarily quit or resigned from a job in the past 12 months. But this rate was even higher in certain industries: 16.1% of workers in information and technology and 16.7% of workers in food & beverage and leisure & hospitality voluntarily left a job in the past 12 months, according to the study.

Acute labour tightness in these industries has helped accelerate wage growth, job switching and renegotiations. In fact, the higher share of workers quitting in these industries corresponds with a higher incidence of workers asking for raises.  

“In the current extremely tight labour environment, many companies are struggling to hire and retain workers. Successfully addressing these issues will require companies to balance both job flexibility and compensation with staffing needs,” suggests the study.

Morning Consult is a global decision intelligence company established in 2014 which offers insights into the drivers of topline employment figures. 

Read More

Did you find this article helpful?


You Might Also Like

Why is D&I key to employee engagement?

STORY • 8th Mar 2023 • 2 Min Read

Why is D&I key to employee engagement?

Employee RelationsEmployee EngagementDiversity#DEIB
Mentors are crucial for employee growth

STORY • 17th Feb 2023 • 3 Min Read

Mentors are crucial for employee growth

Learning & DevelopmentEmployee Relations
Signs that you are in the right workplace

STORY • 17th Feb 2023 • 2 Min Read

Signs that you are in the right workplace

Employee RelationsCulture#TheGreatTalentWar
NEXT STORY: Influence of cloud adoption on employee's work priorities

Trending Stories

  • design-thinking-hr

    How to spot sexism at work – and fight it

  • design-thinking-hr

    Stronger together: List of companies that have refused to la...

  • design-thinking-hr

    Top future skills in HR

  • design-thinking-hr

    2023 Layoffs: A timeline of job-cuts in top companies

Upcoming Event: View All

Event Title 29 Mar Webinar

2023 Employee Experience Trends

Free 11:00 AM AEST

People Matters Logo

Follow us:

Join our mailing list:

By clicking “Subscribe” button above, you are accepting our Terms & Conditions and Privacy Policy.

Company:

  • About Us
  • Advertise with us
  • Become a sponsor
  • Privacy Policy
  • Terms of Use

Contact:

  • Contact Us
  • Feedback
  • Submission Guidelines

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

Get the latest Articles, Insight, News & Trends from the world of Talent & Work. Subscribe now!
People Matters Logo

Welcome Back!

Enter your registered email address to login

Not a user yet? Lets get you signed up!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

People Matters Logo

Welcome! Let's get you signed up...

Starting with the absolulte basics.

Already a user? Go ahead and login!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

Let's get to know you better

We'll never share your details with anyone, pinky swear.

And lastly...

Your official designation and company name.