According to SHRM, approximately 20 million workers left their jobs between May and September this year—which is 50 percent more than in the same period last year, when employees were still locked down in the first wave of the COVID-19 pandemic. This summer’s total is also 15 percent above the same period in 2019, amid the “hottest job market” in decades.
Their analysis points out that any factors have led to the historic churn. And while we already know the importance of the employee experience to attract and retain talent, the numbers from SHRM amplify the urgency of addressing these factors.
Employers are pulling out all of the stops and using all tools in their toolkit to try to get talent to notice them, including dropping hiring requirements, speeding up the process, and offering signing bonuses and other incentives.
The report from SHRM takes a look at research by state and industry, zooming in on patterns and consistencies organizations can focus on while combating The Great Reshuffle.
