The Great Resignation: What is the great resignation, and why does it matter to you today?
Definition: The great resignation, also known as the Big Quit, is the contagious phenomenon of people quitting their jobs in masses. The term was first coined by Anthony Klotz, Associate Professor of Management from Texas A&M University.
In April of this year, 4 million people quit their jobs and another 3.9 million quit in May. According to Korn Ferry, 90% of retailers struggle to fill empty positions forcing some to close due to staff shortages. A recent survey with Gallup shows people are not just leaving jobs but people. Forty percent of the global workforce is now considering quitting their job, according to a Work Trend Index by Microsoft
Since August of 2021, there have been more than a million more jobs than available workers to fill them, causing significant disruptions to the global supply chain delaying the recovery from the global COVID-19 pandemic.
As of September 2021, there are more than 10.9 million open jobs available in the United States.
These unique market employment conditions are ideal for anyone considering a new job or career in 2021.
This could be your opportunity to find a better job, a better career, and live a better life.
Top SIGNS that you should quit your job in 2021
Life Is Short 🙏🏾 🙏🏼 🙏🏿
Poem by Sanober Khan
Life expectancy dropped to a 20 year low in the US the biggest one-year decline since World War Two. "The decline between 2019 and 2020 was so large that it took us back to the levels we were in 2003. Sort of like we lost a decade." - CDC Researcher
According to the book The Top Five Regrets of Dying - By Bonnie Ware
- I wish I’d had the courage to live a life true to myself, not the life others expected of me
- I wish I hadn’t worked so hard
- I wish I’d had the courage to express my feelings
- I wish I’d stayed in touch with my friends
- I wish I had let myself be happier
Bad Toxic Boss 🤮
Traits of a bad toxic boss
- Bad communicators
- Take credit for their teams work
- Singles out favourites on their team
- Uses fear-based incentives instead of rewards and recognition
- In addition to being racist, sexist, misogynist, intolerant, discriminatory, emotionally and mentally abusive
Fake corporate values are values that are nothing more than public relations and social media statements. Fake corporate values are when a company outwardly tells the world they care about social causes like corporate responsibility, diversity, inclusion, the environment and sustainability, yet their actions tell a different story.
These companies sell products to women but don't employ women in senior leadership or sell to minority communities but don't have any minorities in thier executive team.
These companies lie to their consumers, they lie to their community, and they lie to their employees.
Two examples of two companies where thier values don't align with thier actions
Snopes - Media Company (Fact-Checking)
David Mikkelson, the co-founder & CEO of Snopes, a fact-checking organization that once partnered with Facebook, was caught plagiarizing journalists, creating fake stories, and inventing a fictitious reporter to publish his plagiarized stories.
David allegedly also recruited his employees to participate in this elaborate scheme to manipulate SEO rankings by stealing published work and presenting it as original reporting.
This is the same company Facebook used to censor content up until 2019. David Mikkelson was recently suspended from publishing new stories on Snopes but still maintains 50% ownership of the company.
The only job Snopes had was, to tell the truth. Instead, their founder and their CEO lied to millions and millions of people that trusted them.
McKinsey & Company - Management Consultant
In 2020 it was exposed, McKinsey, a world-renowned management consulting firm, played a direct role in helping Purdue Pharma turbocharge their opioid sales in the midst of one of the greatest opioid crises we’ve ever seen.
McKinsey’s purpose is to help create positive, enduring change in the world.
McKinsey employed intelligent people from the top Ivey league schools and used thier intellectual capital to get more opioids into the hands of Americans and increase Purdue's profit.
According to the NY Times, McKinsey was the architect for Purdue’s aggressive opioid sales strategy. A strategy that included paying pharmacies a rebate for overdoes.
McKinsey not only fed the crisis but may also profit from treating addicts and developing overdose treatments.
We have a question for McKinsey, how has selling more opioids while overdoses reach an all-time high, helping to create a positive, enduring change in the world?
According to a former McKinsey consultant, “this is the Banality of evil, M.B.A edition.
Only employees can genuinely hold a company accountable for their actions. And that's why if you work for a company that has fake corporate values, values only by words, not by actions, 2021 is the year that you tell them enough is enough.
Mandates vs Incentives🙅🏼♂️🙅🏿♂️🙅🏽♂️
Work Appreciation Pay "WAP" 😳
The WAP suitable for work is the number #1 reason to consider leaving your job in 2021 - Work, Appreciate & Pay.
Let's explore the WAP in more detail
- Being underworked can lead to depression, illness, work insecurity
- Being overworked can lead to stress, anxiety, illness, burnout and irritability
- Fulfilling work fills one’s life with purpose and mission
A little appreciation goes a long way and can make the difference of feeling engaged and happy at work.
- Does your boss say thank you for putting in extra hours on your day off?
- Does your boss recognize your value and contribution?
- Does your boss ever ask you how you’re doing and what you need?
The only number that matters is the value the company puts for your work, time and effort. If they don’t see your value and are unwilling to pay your worth, it's time to consider a new opportunity.
How do you know if you’re being valued correctly?
Start interviewing and benchmarking what a new company will pay you vs your current employer. If the number is more than 20% of your current pay, it’s time for a new job.