Workers Are Ready to Change Jobs. Should Bosses Let Them Leave?
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Here's your money briefing for Monday, May 24th. I'm J.R. Whalen for The Wall Street Journal. For a lot of employees, time stopped in 2020. Whatever misgivings they had about their job before the pandemic were pushed to the sidelines when they dealt with doing their job from home and all the work from home challenges. But as cities open up and the workplace goes back to some semblance of normal, employees are back to thinking about their career track and getting ready to jump to new jobs in droves.
Maybe they didn't lose their job, but they didn't get a promotion that they wanted. So that's one thing people are looking for. The ability to work remotely, but also just flexibility in general. Things like flexible work hours are really important to folks.
So what should managers do? Counter offer or just say goodbye to a valued employee? Our Work Life columnist, Rachel Feinzig, has been talking to managers and executive coaches, and she'll be here to discuss after the break.
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After more than a year of being in a pandemic-induced holding pattern, workers are getting antsy.
Why are so many workers planning to change jobs after the pandemic?
A little over a quarter of people surveyed in March by Prudential Insurance said they plan to look for a new job once the threat of the pandemic goes away. So where does that leave managers in a post-pandemic workplace? Our Work Life columnist Rachel Feinzig joins us to discuss. Rachel, thanks for being here. Thanks so much for having me. So Rachel, the Prudential survey is pretty stark. 2,000 workers were asked and about a quarter of them said they'll look for a new job once the pandemic is over. How much of a role do you think it played that people were stuck at home, along with their thoughts, reflecting on their career?
Yeah, I think there's a reprioritization going on, right? Like so many of us are thinking, what do we want to keep from the pandemic? You know, what kind of parts of normalcy do we want to return to? And I think people's jobs are a big part of that. We've also been given this taste of flexibility, a lot of us, right, with things like lockdowns. Like remote work or even, I mean, even for those who aren't working remotely, things might feel a little different, you know, at your workplace. If there's more distance, there may have been more of an acceptance of things like work-life balance and kids or not, you know, and people might be ready to leave that behind now that it seems like the economy is heating up.
What kind of reasons are they giving for leaving?
They were surveyed, asking what kind of things they value, what kind of things would keep them with their current employer instead of going somewhere else. And aside from compensation, the question. And so one of the things is opportunity to grow within their company. I mean, I think a lot of people feel like they've been kind of stagnant during the pandemic, like there hasn't been a lot going on. Maybe they didn't lose their job, but they didn't get a promotion that they wanted.
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