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Regrets of Job Changes During the Great Resignation: Survey Findings

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Last Updated on May 10, 2024 by Robert C. Hoopes

The Conference Board’s latest survey reveals that workers who participated in the Great Resignation by switching jobs during the pandemic era were less satisfied compared to those who remained with their employers in 2023. According to the survey, 65% of workers who stayed put reported being satisfied with their jobs, in contrast to only 59% of those who sought new opportunities elsewhere.

The job market during the initial stages of the pandemic was described as ‘crazy’ by Travis Lindemoen, the founder and CEO of Enjoy Mondays. Many companies were offering higher salaries and more appealing titles in an attempt to attract new talent. However, those who made the leap and changed jobs often found themselves facing challenges such as a mismatch in company culture or heavier workloads than anticipated.

Recent data from the federal government also suggests a potential softening of the labor market, as there has been an increase in the number of Americans applying for unemployment benefits. While the Great Resignation phenomenon is believed to be largely over, a survey conducted by Microsoft and LinkedIn indicates that nearly half of all professionals are considering leaving their current jobs in the coming year.

Interestingly, the survey also revealed that around 80% of individuals who quit their jobs during the Great Resignation regretted their decision to leave. Additionally, companies appear to be more inclined to let go of recently hired employees, following the ‘Last in, first out’ principle.

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Furthermore, the number of job openings in March was reported to be at its lowest in three years, hinting at a potential shift in the job market. As the landscape continues to evolve, professionals are advised to carefully consider their options before making any career-related decisions.

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