June 9, 2023

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80% of workers who quit in a ‘big quit’ regret it: new survey

The “big regret” is the latest workplace trend to sweep the nation, with the majority of professionals who left their jobs last year wishing they could land an additional job, according to a new survey.

2022 was another record year for smoking cessation – 4.1 million Workers left their jobs in December, bringing the total for the year to More than 50 million. severely 47 million They had left the previous year, citing higher wages and better working conditions as incentives for their exit. Now, 8 out of 10 professionals have quit their job We regret their decisiona A new Paychex study Find.

Paychex surveyed 825 employees who quit during the “big quit” and 354 employers to analyze the impact of the quitting spree and measure employees’ job satisfaction.

They found that mental health, work-life balance, workplace relationships and opportunity for re-employment suffered as a result.

General Zers struggles the most

According to Paychex, Generation Z workers remember their old jobs the most. 89% of Gen Zers say they regret quitting and, as a result, their mental health is deteriorating.

Jeff Williams, vice president of HR and Project Solutions at Paychex, told CNBC Make It. “These friendships create a sense of community among employees, and create a positive company culture—another thing that employees lack in their previous jobs.”

Our research found that 9 out of 10 people reported changing industries after they quit, professionals who changed industries were 25% more likely than workers who stayed in the same industry to regret their choice, and Gen Xers lost their work-life balance more than their previous jobs. .”

Apparently, the perks, benefits and job culture that prompted young workers to join the big resignation are not enough to satisfy them.

“Although satisfaction with mental health and work-life balance influenced many resignations, only about half of the respondents in our survey said they were satisfied with their mental health (54%) and work-life balance (43%) in their new workplace. Unfortunately Gen Zers reported the lowest levels of positive mental health and work-life balance.”

No loyalty, no leeway

While the majority of employers say they are open to rehiring job seekers, some are more hesitant, questioning the loyalty of job seekers. Boomerang staff.

When asked if they would be willing to rehire employees who left during a significant resignation, 27% of employees said yes, and that they had already rehired at least one former employee. 43% answered yes, but they still have to rehire, and 30% said no.

“Anecdotally, we think more employers are open to the idea of ​​’returning’ employees returning to companies,” explains Williams. “Tight labor markets, specialized skills, lead time, and knowledge of the quality of work expected are all reasons cited by hiring managers. Those who are reluctant to rehire highlight loyalty, expected compensation, and an underlying suspicion of employee motives.”

“Many employers either want to give employees their jobs or give them back, and mid-sized companies are likely to already have done so. But for others, workplace loyalty seems to prevent employers from ever welcoming them back.” 7%, but 38% of employers weren’t ready to offer new benefits to former employees Nearly a third of employers wouldn’t consider putting people back in their jobs, and blue-collar employers are 17% more likely than white-collar employers to feel this way.”

Hand over a new sheet

It’s normal to take time to relax in the good old days, but Williams advises workers not to dwell on the past for too long.

“Nostalgia is the enemy of growth. Be realistic and move on if your previous employer won’t rehire you. Acknowledge your worth, be confident and move on.”

As employees figure out how to turn over a new leaf, Williams suggests “starting with a fresh perspective on what you control.”

“For example, you control having a trusted friend review your resume. You control making connections on LinkedIn. You control going to networking events, taking a night course to improve your skills and giving yourself grace in your research.”

Williams also says workers should try to avoid job hopping in the future to “stabilize” your resume, and that while things may seem bleak now, it won’t last forever.

“The big resignation not only changed the workplace, but also changed the minds of those seeking better job opportunities. The good news is that there is hope for the unemployed who have changed their minds about their decision to quit. Many employers are willing to rehire people and improve their benefits.” also “.

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