According to the latest study conducted by Medallia, Inc., 50% of workers who left their employers as part of the Great Resignation say they quit without a new job lined up.
As experience and culture became the top priority for most employees, people chose their own career paths and broke free of their employers back then. According to the official communique, the top five factors driving their resignations were:
- The nature of their jobs in general
- Their workloads
- Concerns about pay equity
- Not feeling appreciated
- Limited career advancement opportunities
As the line between personal and professional lives blurred due to remote working, respondents (1 in 3) reported that the COVID-19 pandemic influenced their decision to leave. In fact, adding to this, 60% of the respondents said that this made them feel burnt out and took a toll on their emotional wellbeing.
The report found that 70% of those who left due to pandemic influence sought better work-life balance. More than 50% of workers noted that their employers rarely ask/don't ask for employee feedback. Only 25% of the respondents reported having felt heard by their current employers and less than a quarter say their company takes "meaningful action" based on employee feedback.
Commenting on the findings, Medallia Solution Principal for Employee Experience Melissa Arronte said, “The Great Resignation put employee experience in the spotlight, presenting employers with the opportunity to get better at meeting the needs of their people to retain them going forward and to win the Great Rehire. Organizations that recognize that employee expectations are constantly changing and that leaders and managers need to listen to workers and take meaningful action to address their concerns at the moment will be more likely to retain their employees, no matter what challenges come next.”