Great Resignation Shows Signs of Slowing Down in 2022

The Great Resignation that has plagued companies worldwide for the last two years may finally be slowing down in 2022, according to a new study.

The latest Job Search Outlook Survey from outplacement and career services company, Employment BOOST, has revealed that 84% of staff are unlikely to change jobs in 2022. Additionally, 88% of employees are not worried about losing their job in 2022 either. Interestingly, men are marginally less confident about their employment status going into 2022 than women; with 45.3% of men indicating they are not worried about losing their jobs in 2022 compared to 54.7% of women. Around 41% of employees indicated that money would be the primary reason for changing jobs in 2022. 

“The last two years offered an abundance of employment opportunities. And many workers leveraged this by transitioning into roles with the benefits and flexibility to fit their lifestyle,” commented Gina Curtis, Executive Career Coach and Team Lead of Employment BOOST. “Our survey indicates a dramatic shift in this mindset; as most respondents indicate they do not anticipate changing jobs in 2022. As a result, we expect to see a levelling off of resignations in 2022; and a slowing down of the Great Resignation trend.”

EMPLOYMENT TRENDS

The Employment BOOST Job Search Outlook Survey also points to a potentially worrying trend. With nearly 88% of workers reporting they are not concerned about losing their job in 2022, they may be caught off guard by the corporate volatility and employment turmoil the market may face this year. 

“Workers are clearly not worried about losing their jobs in 2022,” continued Curtis. “A sense of psychological safety was created over the last 24 months as workers easily found new jobs; and heard wide reports of staffing shortages. This year, however, may look a bit different as corporations deal with interest rate hikes; and slowing sales across many industries. Whether workers continue to maintain the upper hand remains to be seen.” 

The Employment BOOST Job Search Outlook Survey was conducted in December 2021  surveyed US workers aged 18-65 across all 50 states, focusing on the major metros in each state. To view the complete survey findings, visit employmentboost.com.

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