The U.S. Bureau of Labor Statistics reported that in September of 2021 more than 4.4 million people resigned (not laid off) from their jobs while there were 10.4 million job openings in the same period. Labeled “The Great Resignation,” millions of workers are quitting right now and employers are in panic mode, finding it difficult just retaining talent, much less attracting new talent.
On a recent episode of Influencers Radio with Jack Mize, Employee Engagement expert Fahim Karim discussed how he is helping purpose-driven, growing companies retain and attract talent in the face of this tidal wave of resignations.
On the surface, it may appear to many that the COVID pandemic has been the main thrust behind the increased volume of workers leaving their jobs. However, during the interview, Karim cited preliminary survey data that revealed some of the main reasons employees are really leaving: burnout, organizational change, lack of flexibility, discrimination, and lack of value being placed on employee contributions and ideas.
Explaining why the pandemic may have opened the gate for the Great Resignation, but that the root cause goes much deeper, Karim said, “What I know from my own experiences, this is not something that just happened. It’s been brewing for years. And with COVID, it really has magnified. People have really started to question, ‘Should I be putting up with what I’ve been putting up within my organization?’ They’re not happy with how they’re feeling, so they are pursuing more deep, meaningful work, and in some instances, quitting without even having work to go to. Surveys show that 28% of employees were so discontent that they left their jobs without another job lined up and when looking at people working in the food services and hospitality sectors, 56% also jumped the boat, they just quit.”
Fahim Karim is the Founder of Gear 2 Harvest, a Management Consulting firm focused on Employee Engagement. With 20+ years of award-winning industry experience leading Fortune 500 companies, Fahim specializes in finding the root cause of employee disengagement by working with individual CEOs and Managers to become the leader their team loves to work with.
Listen to the full episode at https://influencersradio.com/fahim-karim
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