Some job-jumpers feeling buyer's remorse

Some workers who switched jobs during the Great Resignation are now regretting their decisions, finding other issues in their new roles, reported The Wall Street Journal April 25.

Millions of people switched jobs during the pandemic and have continued doing so recently too, with the February 2022 quit rate sitting at 2.9 percent. However, some job-hoppers are feeling regret about changing positions, wishing to return back to previous employers. 

New data from LinkedIn shows that 4.5 percent of new hires in 2021 were boomerangs, in which people returned to a previous employer. That figure is up from 3.9 percent in 2019. Another survey from job-hunting company Muse revealed that three quarters of workers who quit jobs and landed a new role felt a sense of regret or surprise and half of them said they'd try to get their old job back.

Some recruiters say employees expectations are at an all-time high, with workers demanding more flexibility, higher pay and better teams. This means that new roles can be a let down compared to the high expectations and can cause workers to feel remorse for jumping ship.

"You can't have the high pay, the psychologically safe team, the all-star manager, the company that's going to grow at the pace you want it to grow—you can't get all those things," Sean Page, a recruiter for a fintech startup told the Journal.

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