RiteAid, Cigna cite Great Resignation as a threat in their annual reports

A number of major companies, including Cigna and RiteAid have listed the Great Resignation as a threat to their productivity, profit and operations on their annual reports, Fortune reported April 28. 

The "turnover tsunami" has caused so much disruption in some organizations, that they are listing the phenomenon as a major threat on their annual business reports. Around 100 companies referenced the Great Resignation in their 10-K annual reports listed to the SEC in 2022, that included eight Fortune 500 companies.

Cigna stated in its 2022 10-K filing that its ability to "attract and retain sufficient numbers of qualified employees" is key to the future performance of the business. Rite Aid also mentioned that a shortage of pharmacists may "inhibit [its] ability to maintain store hours at preferred levels" which could go on to affect business.

Current estimates also suggest that the wave of worker attrition isn't over, and as many as 41 percent of workers will look for a new job this year. 

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars