Glossary of Employee Recognition, Total Rewards, and Company Culture Terms
The Great Resignation is a term used to describe the phenomenon of employees quitting their jobs en masse during the post-pandemic era. The term reflects a growing trend where employees are reassessing their priorities, seeking better work-life balance, and looking for new job opportunities that align with their values.
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The Great Resignation is causing a massive shift in the employment landscape. Companies are struggling to retain their top talent and are facing a shortage of skilled workers. To address this challenge, organizations need to meet employees’ higher expectations with more employee recognition, more support, and more work-life balance
Employers can adjust to the Great Resignation by shifting the focus from the bottom line to the employee experience. By investing in employees with greater compensation, more professional development, and more meaningful recognition, productivity and performance will naturally go up, improving the bottom line.