In September 2021, a record 4.4 million Americans (nearly 3% of its national workforce) voluntarily resigned. This followed 4.3 million Americans who resigned in August 2021. Over this year, an all-time high of almost 35 million Americans have left their jobs. Coined the ‘Great Resignation’, many workplace commentators suggest Australia may enter a similar period of increased worker resignation rates as COVID-19 vaccines permit life to begin returning to normal.
The potential for an Australian Great Resignation, combined with current workplace struggles in sourcing suitable staff, looks set to pose challenges for employers in Australia. In light of this, in this article we consider some of the main drivers behind staff resignations in the current environment and provide tips on how to protect businesses from the Great Resignation as well as tips on attracting and retaining top talent, to equip employers with tools in navigating the coming months.