Key Points:
- A record-high 4.4 million people, or 3% of workers, quit their job in September
- Resignation rates are highest among mid-career employees
- Resignation rates are highest in the technology and healthcare industries
In May 2021, the “Great Resignation” was coined by Texas A&M’s very own Anthony Klotz. The term is used to describe the high volume of people quitting their jobs in North America. In recent times, the Labor Department reported a record number of 4.4 million Americans saying “I quit” this past September. As time goes on, the numbers are increasing, and many wonder when we will see a change. The even bigger question is, what does the Great Resignation mean for you as a tech job candidate?
At Raso Solutions, our team is known as a leader in technology placement because we care about finding our candidates a career that they are genuinely passionate about. We have helped hundreds of tech job seekers find their dream careers, and we would like to do the same for you. In this blog, we hope you better understand the current labor market and what you can do next to get ahead in your job search.
Inc.com asked individuals who left their jobs what their reasoning was, and the top two answers were burnout and flexibility. In 2020 many of us switched to working from home, and the 9 to 5 schedule started looking like 9 to 9. Essentially, work-life balance was blurred, and people’s office became their home, and their home became their office. When it comes to the technology industry, our team at Raso Solutions understands firsthand how difficult it can be to put down work, especially when working through an idea or new concept.
Job changers seeking a more flexible schedule are looking to achieve a better work-life balance. Working in an office with others can boost collaboration and camaraderie but making it a requirement for them to come into the office five days a week won’t help companies recruit top tech talent. Research shows that resignation rates were highest among mid-career employees in their late 30s and early 40s, making sense for individuals with families to want to find a career that allows them to be around their families.
If you’re thinking about changing employers, know that the ball is in your court. Now is the perfect time for you to reevaluate whether you see yourself with your current company. Don’t be hard on yourself if you’re having a hard time in your tech job search. The average time to fill a position is about 49 days. If you’re interested in working with a Raso Solutions recruiter to help you land your dream job in tech, check out our open positions at jobs.rasosolutions.com.
