Newsletter Article
Member Benefit
Published Mon Feb 06 2023
The past few years have seen major disruptions in how we think about and perform our work. Many employees even rethought if they were in the right positions. This reconsideration led to what one expert called the Great Resignation, with more than four million people changing jobs every month last year. That expert, Anthony Klotz, an associate professor of management at the University College of London, said there are signs the Great Resignation is coming to a close. There are several reasons for this supposition—many of them economic—but the trend did prompt many employers to think creatively about retention. Many offered flexible work arrangements, increased wages, or redesigned benefits. Training programs, especially desired among younger workers, were also revamped. “If you're getting what you want from your current job, there's less incentive to quit,” Klotz explains. “We can't discount the fact that millions of jobs are better now than they were three years ago, thanks, in large part, to the policy changes companies have made.”
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