Boston job-seekers: this is huge. We are now witnessing the beginning of a trend that is indicative of economic upswing- more workers are voluntarily quitting their jobs. The Wall Street Journal reported yesterday that February saw a higher number of voluntary departures than forced layoffs- a phenomenon not seen in this country since October of 2008.
The article cites: “In a poll conducted by human-resources consultant Right Management at the end of 2009, 60% of workers said they intended to leave their jobs when the market got better.” Apparently, that time is now.
What does this mean? Americans are re-gaining control over their careers. Less intimidated by fear of layoffs, they are increasingly seeing their options grow, and are leaving the “be happy you have a job” mentality behind.
It’s about time.
So who will likely be handing in their resignation? Those who were forced to take a pay-cut; those who were subtly threatened with a layoff, or who watched their hard-working colleagues get cut en masse; those whose workdays were lengthened and who made unrealistic sacrifices to their personal lives for work; those who have lived in fear of repercussion for something as innocent as taking a vacation or a sick day.
The prediction? Several years of a national fear-induced job coma, combined with the wave of job-seekers emerging from the allegedly über-picky and demanding Gen-Y demographic, will bring about a huge talent-drain for employers who have engaged in the above practices, and also for those that don’t offer a dynamic workplace, an engaging brand, and a humane work-life balance. Job-seekers have been almost bullied into keeping their professional lives flawless and delivering top-notch results over the last few years. Now, the tides are turning, and the same will be expected of companies. This is definitely an interesting and challenging time to be in HR, and it’s (finally) a great time to be a job-seeker!
Worried? Check out this article that offers ways to keep your employees from jumping ship.
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