Except this past year it hasn't. Seen any articles about 'The Great Resignation' lately? The pandemic helped change employee attitudes and they're much more willing to quit for a better deal now (and there's plenty of companies desperate enough to give it to them).
Companies have always (at least the past few decades) been more willing to pay more for a new hire than to increase compensation to keep an existing employee, so now that everyone is short staffed, people are taking advantage of that reality and quitting their jobs for a new one much more frequently and getting the increases they're being denied from their former "stuck in pre-pandemic mindset" companies.
Seen any articles about 'The Great Resignation' lately?
Yep, and very few mention money as the reason why people are leaving their jobs. It's much more often about a re-evaluation of people's priorities. There's no reason to believe people will find new jobs that give cost of living adjustments.
Wanting to make more money to keep up or get ahead versus staying put in the same job for years or sometimes decades is a re-evaluation of people's priorities. But it's not the only factor or only priority for a lot of people, sure.
There's people in this very thread that say they're planning to interview because they're not getting a COLA adjustment.
I already switched jobs and got a significant raise in the process this year, or else I might be joining them if I get a sub-COLA raise (it's sounding like I might based on what I've heard of the process so far). Hell, I still might later this year, I don't know. It wouldn't be the only factor for me, just a factor. Things are mostly good here, but I've stunted my income trajectory quite a bit already by staying way too long at previous jobs, and probably should play a bit more catch-up, and I'm only likely to get that by switching jobs again.
Well, actually, people quite often mention pay as a reason to quit on forums like reddit. It isn’t the trigger, but low pay and difficulties coping financially, even with multiple jobs, is one of the top reasons that makes people leave their employment.
Not really, I think people who are silly enough to quit their jobs over a free vaccine are hopefuly in a small enough (but unfortunately very visible) minority that this isn't a huge factor. I may be wrong, though.
Unlikely. JPM and Citi are about to let quite few go, about 3% of workforce, due to Anti-vaccination recalitrance. While 3% feels like a lot, it's less than great resig.
No, mandatory vaccination triggered the "Great Self-Dismissal of Fanatical Antisocial Psychopathic Science-Denying Anti-Vax Menaces to Society and Dangers to Themselves and Others", not the "Great Resignation".
Many of them go on to overcrowd the ICUs and morgues, so they are actually unwittingly doing their former employers and co-workers and evolution itself a huge favor by resigning and letting natural selection take its course, to smugly "own the libs".
It's kind of like Mitt Romney's idea of "Self Deportation", but for Trump supporters and gullible Fox News suckers instead of immigrants, and they're self-deporting themselves from the Earth, not just the USA.
> Many of them go on to overcrowd the ICUs and morgues, so they are actually unwittingly doing their former employers and co-workers and evolution itself a huge favor by resigning and letting natural selection take its course, to smugly "own the libs".
Considering the majority of people quitting are in places that have no mandatory vaccinations (service sector in general), it's mostly a negligible factor.
In specific industries it might be a somewhat larger factor (health care I do think is more significant, for example). But even in those industries, there's far greater effects leading to people quitting, like quitting to become a traveling nurse and making 3x the pay, or just getting burnt out from the demands of the pandemic.
The Great Resignation was already in full force before any vaccine mandates were even in place, also.
For the places that have enforced mandatory vaccination, it seems to end up around ~1% or so of employees that are willing to go that route. And frankly, a substantial number of those are older workers that are probably at retirement age anyway. The "Great Resignation" is much more substantial.
Companies have always (at least the past few decades) been more willing to pay more for a new hire than to increase compensation to keep an existing employee, so now that everyone is short staffed, people are taking advantage of that reality and quitting their jobs for a new one much more frequently and getting the increases they're being denied from their former "stuck in pre-pandemic mindset" companies.