Preparing for the Great Resignation: Strategies for 2024 and Beyond
Understanding the Trend
The initial Great Resignation emerged in the aftermath of the COVID-19 pandemic, as millions of employees reevaluated their work-life balance and career aspirations. This unprecedented wave of resignations was driven by a desire for better working conditions, higher pay, and more meaningful work.
Now, as we navigate through 2024 and beyond, we are witnessing a resurgence of this trend, aptly termed "The Great Resignation 2.0." Economic pressures, evolving employee expectations, and the continuous pursuit of a fulfilling career have reignited this movement, posing new challenges and opportunities for employers worldwide.
According to LinkedIn, 40% of today’s employees are considering resigning from their current job.
In this article, we share seven strategies to encourage employee retention and engagement. It’s imperative for companies to understand these challenges and incorporate strategies to attract and retain their most valuable assets—their people.