The Great Resignation trend of 2021 hasn't exactly ended, but with current fiscal conditions trending toward the pessimistic, it has slowed slightly.
"With the 'Big Quit' or 'Great Resignation,' it's still a challenge to find people willing to work for low paying hourly jobs. However, I do see improvement ... even within the current economic uncertainty," Todd Nickerson, recruiting director with MBS Advisors, told PN's Frank Esposito.
And with fears of recession rising, the website Joblist says in a blog post that a recent survey shows that 60 percent of job seekers feel some urgency to find and settle into a new job soon.
Of the nearly 48 million Americans who quit their jobs in 2021, 26 percent said they regret that decision. Of course that means the vast majority are still glad they left their previous job, so don't celebrate by claiming "I told you so" to employees you lost quite yet.
Almost a quarter of Great Resignation participants, 23 percent, said their former bosses reached out to them to invite them to return, Joblist said. But a majority, 59 percent, said they would turn down that offer.
Don't assume that the recession fears will mean you can hire on workers for less money. Joblist notes that inflation is leading to potential employees seeking more money, while high gas prices are prompting workers to seek jobs that offer a shorter commute and the ability to work at home.
"Job seekers have more power and can be more selective as they may have multiple opportunities simultaneously under consideration," Nickerson said. "Filling positions becomes more about the candidate choosing the employer rather than the employer choosing the candidate."