Leading Through the Great Resignation
Between April and June 2021, a total of 11.5 million workers quit their jobs, and a recent Microsoft survey found that 41% of workers are considering leaving their current employer. Other studies indicate that at least half of the workforce is actively seeking new opportunities. These figures should alarm any leader, as turnover is costly and harms productivity and morale. The problem of employee turnover is nothing new. However, this extreme turnover rate is a different phenomenon and will require a new approach to recruiting, retaining, and managing talent in the workplace.