Intelligent CXO Issue 13 - Page 12

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A GREAT EXECUTIVE ’ S GUIDE TO EMBRACING THE GREAT RESIGNATION

1 . Introduction : Embracing the Great Resignation
If there is one thing that the COVID Pandemic has taught us , it ’ s that there are things that are out of our control ; things like a highly contagious virus , the weather , and , perhaps , an employee ’ s propensity to reflect on existential questions . By now we should have learned that there are things in life we need to live with and simply embrace .
In 2021 , the US experienced the highest number of employee resignations in 20 years . In September , a whopping 4.4 million workers quit their jobs , alarming managers and human resource departments across industries and inspiring witty jargon like ‘ The Big Quit ’ and ‘ Turnover Tsunami ’. Since then , it got worse with 4.5 million employees leaving their jobs in November , bringing the total number of quits in America to over 38 million .
1.1 . What do we know for sure about the Great Resignation ?
There is still much to confirm , especially when it comes to its complex and varied causes .
But what we do know for sure is that :
• Industries highly affected by the pandemic are seeing more quits .
• Mid-career employees and mothers are more likely to resign .
• The Great Resignation is not just a 2021 phenomenon . x
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