• Liz Lopez

The Great Resignation

Over 4.5 million people left their jobs in November 2021 &
Over 20 million people quit their jobs from July to December 2021

Did you read that? That. Is. BANANAS. Do you comprehend how many people that is? Americans who just decided to throw in the towel and start anew.

I've been following the Great Resignation for both work and pleasure and when I read statistics like 4.5 MILLION leaving their jobs in one month, my brain goes haywire.

How are they paying their bills? How are they living? What could make them do this? How?


The answers are loud and clear-

They're tired of no work-life balance, or being underpaid in a shitty job.

Now's 'as good a time as any' to stop and figure out what to do next.

Their pay doesn't cover childcare / the job doesn't accommodate virtual learning.

Boomers are retiring.


There were over 10.5 million job openings in November -
The jobs are there but the workers won't take them.

Employers are suddenly faced with a need to compensate with more than just a good wage. Companies are offering sign-on bonuses, flexible hours/shifts, better overall compensation like free mental health services, transportation, and referral programs.


For industries like Manufacturing, the number of open jobs is staggering; the Boomers are retiring and people are still scared of COVID and the lack of safety measures on the job.

It's estimated over 2 million manufacturing jobs could go unfilled by 2030.


Creative recruiting solutions are necessary for today's employee-driven workforce.

In manufacturing, employers and suppliers should be working with local educators on in-school training and in-demand skills, and facilitating factory tours to attract interest.

The imagery of dirty, old-school factories needs to be replaced with clean, modern facilities and opportunities for growth for young talent. Manufacturing needs a major PR campaign to make up for the lost labor, fast.


The Moral

People are going to extremes to avoid crap jobs; they've tapped into savings and downsized to make up for their lack of income.

They intend to go back, but they're refusing to go back to garbage conditions and pay.

It's a worker's market and people are rightfully taking advantage; they're being selective, specific, and in no rush to start any job less than spectacular.



Keep track of the latest figures here:

https://www.bls.gov/eag/eag.us.htm

https://www.bls.gov/news.release/jolts.a.htm


Manufacturing:

https://www.bls.gov/iag/tgs/iag31-33.htm


The Great Resignation:

https://www.cbsnews.com/news/great-resignation-60-minutes-2022-01-10/


November Job Openings:

https://www.cnn.com/2022/01/04/economy/us-job-openings-november/index.html


Opinion piece on Manufacturing, plus the comments section's always a bonus:

https://www.washingtonpost.com/opinions/2022/01/09/why-manufacturing-has-seen-biggest-spike-workers-quitting/