The Great Resignation Continues, But It’s Not What You Think
COVID-19 was a wake-up call for many who realized that the 9-5 corporate grind wasn’t for them. Millennials abandoned the workforce in droves early on in favor of more work/life balance. But that tide has largely peaked and it’s no longer just the millennials who are having this epiphany. Older workers over 50 have jumped on the bandwagon, with many of those leaving corporate America these days. As with many millennials, older workers want to create an environment that works for them. We see this every day and we’ve been at the forefront of helping start-ups and businesses negotiate the work/life balance, creating environments that make for a fun, friendly and flexible workspace.
Quit rates – and what’s driving them
In March of this year,
quit rates reached 3% – the previous high set during the pandemic, with 4.5
million people leaving their jobs in that month alone. This August, it lowered
every so slightly at 2.7%. The industries with highest quit rates for this year
include the private sector, information sector, financial sector, and
professional business services sector.
In the first and
second quarter of this year, there was a 34% increase in quit rates by 50–60
year-olds, and a 37% increase amongst 45–50 year-olds. By tenure, this included
a quit rate of 57% amongst people who had been in their job for 10-15 years,
and a 71% increase for those who had held their job for 15-20 years.
These are your
sector’s most experienced and, in many cases, most valuable employees – so why
are they leaving? Common reasons cited in studies include:
- A desire to continue working
remotely
- Wanting a better work/life
balance
- Desire for purposeful work
- Growing their career
- Looking for a great work
experience
How employee-focused office design can help your post-COVID workspace
Office design is
always changing, and it can count for a lot when it comes to meeting the needs
of employees. We recommend a few changes that include:
- Resimercial
office design that brings the comfort of home into the workspace
- Focusing on wellness
in the workplace to create a healthy, enjoyable space
- Moving to a hub-and-spoke
model that supports remote and flexible working (as well as cost
savings!)
- Creating an office
design that actively supports office workers and makes
them want to work there
Combatting the Great
Resignation doesn’t mean giving up on your office – it means rethinking your
approach to the world of work. We’re passionate about delivering spaces that
are not just an office, and firmly believe that customizing each office
design to a client’s specific goals helps to create happier,
healthier, and more productive spaces. Whatever the size of your space or your
industry, the talented and experienced team at BE Furniture will design and
bring to life an office that your employees will love to be in.
Call us today about
creating your ideal workspace or visit our website for more information at: https://www.befurniture.com/
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