People are no longer ready to stay at a job that fails to give them satisfaction. Have you too been feeling something similar off late and wanting to reevaluate your options? We’re here to tell you that it is completely normal and that this is something that is happening worldwide.
The Great Resignation is an idea proposed by Professor Anthony Klotz of Texas A&M University that predicts a large number of people leaving their jobs after the COVID pandemic ends and life returns to “normal.” The trend continues even in India as we see a rising rate of attrition in the last two decades — a whopping 21 percent in 2021 from 12.8 percent in 2020, as per a report by Aon.
Let’s look at the major causes that have resulted in this Great Resignation:
- Unsatisfactory amount of monetary compensation or to put it simply, low salary
- Limited career opportunities
- Not being valued by their managers
- Relationship with colleagues
- Inadequate pandemic health measures
- Poor employee benefits
- Desire to change the job industry completely
- Negative interactions with customers
- Being forced to work out of office after working remotely
- Seeing other colleagues quit
To sum it up, the pandemic has forced people to introspect and look for things that really mattered to them and subsequently discard those that didn’t work out for them. After all, life is short and it’s foolish to waste time away on something that didn’t give one satisfaction.
Now that we all agree that ‘this meeting could be an email’, what’s the way forward?
Virtual and remote-working is here to stay and that has opened up a Pandora’s box for employees who were unaware of this level of work-life balance. Not only are they saving up on real estate costs but they’re also being able to work more flexibly.
Companies are aligning themselves with connection, progress, and employee development and aiming to provide appropriate incentive systems. They are now convincing them to stay motivated and throw their whole selves into a company’s mission. It’s no longer just a job. They need to have meaning and agency
“What we have noticed is that recognising the employee’s contribution and awarding the value that s/he has added to the company goes a long way in keeping them happy. While outings, gifts etc have an impact that lasts for a couple of days, valuing the employees and giving them a chance to upskill and offering them career mobility results in a lasting impression in their outlook,” — Shikha Paul, HR Manager, Donatekart.
Shikha adds how they have tried their level best to keep the employees safe and took care of them by helping them get vaccinated, giving covid care leaves etc. These measures have helped Donatekart as a company tackle the rate of attrition.
While the Great Resignation is a reality, we are also seeing many companies accepting and adjusting to the new normal and ensuring that their employees get the most out of this new change.
At Donatekart, we’re constantly striving to curate the most relevant and engaging content just for you. If you loved reading this, then what gen z wants from their employers will grab your attention too.
Written by Arunima Bhattacharya, Editor, Donatekart
