The Great Resignation may feel like a distant memory, but it actually marked the beginning of a new trend. In early 2021, voluntary resignation rates started to climb, reaching a record high in March 2022 with 4.5 million individuals quitting their jobs. However, by mid-2023, quit rates began to return to pre-pandemic norms.
Today, we’re witnessing a shift in the labor market as employees are choosing to stay in their positions rather than leaving. Quit rates have now dipped slightly below those before the pandemic, indicating a change in sentiment and behavior among workers. This phenomenon is a departure from the earlier trend of people abandoning their jobs en masse.
Source: https://www.gulfshorebusiness.com/quit-rates-fall-below-pre-pandemic-levels-after-great-resignation