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July 1, 2021 01:25 am

'Great Resignation' Gains Steam As Return-To-Work Plans Take Effect

In what's been dubbed the "Great Resignation," a whopping 95% of workers are now considering changing jobs, and 92% are even willing to switch industries to find the right position, according to a recent report by jobs site Monster.com. CNBC reports: Most say burnout and lack of growth opportunities are what is driving the shift, Monster found. "When we were in the throes of the pandemic, so many people buckled down, now what we're seeing is a sign of confidence," said Scott Blumsack, senior vice president of research and insights at Monster. Already, a record 4 million people quit their jobs in April alone, according to the Labor Department. At the same time, there are more opportunities for job seekers -- with the Labor Department reporting a record 9.3 million job openings as of the latest tally. "The number of open jobs is higher than ever before, that's absolutely contributing to why candidates are putting their toe in the water to see what's out there," Blumsack said. As Covid vaccinations gain steam, so are plans to return to the office, which is driving more workers to consider their options. In a survey of more than 350 CEOs and human resources and finance leaders, 70% said they plan to have employees back in the office by the fall of this year -- if not sooner -- according to a report by staffing firm LaSalle Network. Of the companies that are planning for office reentry, managing employees who want to continue working remotely is a top concern, LaSalle Network found. "If we see a wave of employees leaving, companies are going to have to figure it out," Reitan said. The report goes on to cite a separate survey from McKinsey that says 9 out of 10 organizations will now be combining remote and on-site working.

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