![]() ![]() Most are leaving to take on very different roles- or just leaving the workforce entirely. This most recent wave of attrition is different. In the past, spikes in voluntary attrition often signaled a competition for talent, where in-demand workers left one job for a similar but better one at another company. Data were collected from individuals working in a range of industries in Australia, Canada, Ireland, New Zealand, Spain, the United Kingdom, and the United States. A subset of 587 respondents indicated that they had voluntarily left (versus being furloughed or laid off). 1 We conducted an online survey of 1,364 individuals who indicated that they had left a job without another in hand anytime between December 2020 and December 2021. And in our own recent survey of almost 600 workers who voluntarily left a job without another in hand, 44 percent said that they have little to no interest in returning to traditional jobs in the next six months. The number of current job openings (10.9 million) exceeds the number of new hires (6.3 million). Their departures have left a huge hole in the labor market. According to the US Bureau of Labor Statistics, more than 4.3 million people voluntarily quit their jobs in December 2021, slightly below a record high in November 2021. No, you aren’t imagining it: workers are leaving your company faster than you can replace them.
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