We’ve been talking about the Great Resignation for a while now, but this is an interesting angle on the topic. Most concerning, is how many workers are choosing to leave the workforce entirely, or taking on different roles.
This reminds us of the need to think about lifelong learning, individuals may have many careers across their working life, and retraining and reskilling is at the forefront of enabling this.
In the past, spikes in voluntary attrition often signaled a competition for talent, where in-demand workers left one job for a similar but better one at another company. This most recent wave of attrition is different.
https://www.mckinsey.com/business-functions/people-and-organizational-performance/our-insights/gone-for-now-or-gone-for-good-how-to-play-the-new-talent-game-and-win-back-workers