The Great Resignation is Becoming a “Great Midlife Crisis”

I’m sure you’ve noticed that older, higher-paid workers are increasingly quitting their jobs, as the Great Resignation enters its second year. There are a myriad of causes behind this phenomenon. Among those more financially stable, the quit rate is being driven by everything from a desire to continue working remotely, to a greater search for meaning, to simply having the means to do so. The global pandemic has made people reflect on their own mortality and what really matters, hence re-evaluating their professional lives. Other knowledge workers are hesitant to come back to the office, with its related high stress levels, which already were on the rise back in 2020. Others are quitting because of the large number of high paying, premium jobs to choose from. According to Bureau of Labor Statistics, the number of business and professional services job openings is at a record high. At P&C, we see this in our own recruiting efforts, as we have been able to attract many highly experienced, expert-level knowledge workers to our firm because of our award-winning remote work policy. If you would like to strategize about how the Great Resignation is affecting your business or organization, please reach out to me.