07/22/2024
The Great Resignation: A Wake-Up Call for Employers
The "Great Resignation" reveals a harsh truth: employers have long failed to meet workforce needs and expectations. This mass exodus, particularly among millennials and Gen Z, stems from systemic issues in employee treatment.
In 2021, Pew Research Center found over 40% of workers aged 25-54 left jobs citing inadequate pay, advancement opportunities, and work-life balance. This highlights widespread employer failure in providing fair compensation, career growth, and quality of life.
Companies often neglected employee development, leading to demotivation and loss of institutional knowledge. Many exploited always-on culture without offering commensurate benefits, causing burnout and dissatisfaction.
The pandemic exposed how companies prioritized profits over people, with essential workers receiving inadequate protection and compensation. The tech industry, despite flashy perks, isn't immune, with workers reporting high stress and poor work-life balance.
Research has found that employees feel burnt out due to:
1. Inadequate compensation
2. Lack of career advancement
3. Insufficient benefits, especially for mental health and work-life balance
As employees fight for change, these are a few of the many benefits they desire:
1. Offering fair compensation packages
2. Creating clear career advancement paths
The Great Resignation is a reckoning, signaling that treating employees as disposable is no longer acceptable. Successful companies will recognize their workforce as their most valuable asset, creating environments where employees truly thrive.
-Nicole
Lion Media Solutions/Owner
Nicole Ponek
Lion Media Solutions
