The data is starting to support the hype about The Great Resignation.

Don’t be too awed by media reports of “record-breaking” resignations. Record-breaking quit rates were entirely predictable based on their upward trajectory over the last 10 years. What changed was a steep drop in those rates early in the pandemic. Data released today (November 12, 2021) shows a rate (indeed, record-breaking) of 3.0% for September and, yes, this trend looks to be ramping up.

Until now, we’ve known only that there’s been a Great Compression of Resignations — an inordinate amount of resignations in a short period of time. It’s a distinction of little consequence to employers, as they still have the operational hardship of a surge in people heading for the door, regardless of whether it’s a new trend or simply a snapback following the unexpected freefall of resignations that occurred at the outset of the pandemic. Continue reading »