The effects of the Great Resignation continue to be felt by companies after a record high of 4.3 million workers quit their jobs in August alone. The workers who remained in their roles, though, are struggling with their new increased workload.
A report by the Society for Human Resource Management that surveyed 1,150 employed Americans in July as well as 220 executives illuminated some of the challenges of the workers who stayed.
It found that 52 percent of workers who stayed with their companies have taken on more responsibilities, with 30 percent of remaining employees stating they struggle to complete necessary tasks. A majority of workers are questioning whether their pay is high enough, and 27 percent feel less loyalty to their company.
This worker dissatisfaction opens up a vicious cycle, Johnny Taylor Jr., president and CEO of the Society for Human Resource Management, told CNBC.
“The employees who remain now say, ‘I’m working too hard, I don’t have balance in my life, etc.’ And so then they want to leave and thus a vicious cycle continues” Mr. Taylor told CNBC.
Thus, it’s more important now than ever for employers to exercise empathy and listen to what their employees are experiencing in the wake of workplace shifts.
“Invest in them today,” Alex Durand, a career transition and leadership coach, told CNBC. “Show them you care before they tell you they are leaving.”
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.