Whether in private or professional life, breakups are never easy.
Endless dilemmas, sleepless nights, and hopeless attempts to find a perfect way out. Humming, “Should I stay or should I go”, waiting for a sign, changing your mind a thousand times.
Sometimes it is you who makes the decision. At other times, the decision is made for you.
There are a ton of factors to consider when leaving a job. On the one hand, low pay. On the other, great colleagues. Stay for the free gym membership or leave for better job opportunities? And the ultimate question is, how should it end? Is it better to quit or get fired?
If ending employment had a Facebook relationship status, it’d be it’s complicated.
Feels relatable? No surprise. Today’s labor market is a hyper fast-changing picture. Layoffs, quitting, and job loss are everyday occurrences for millions of people.
Let’s have a look at some recent data on the topic.
- About 50.5 million people quit their jobs in 2022, beating out the 47.8 million in 2021, according to Bureau of Labor Statistics JOLTs data.
- 15.4 million Americans were laid off in 2022, a 62% decrease from 2020, according to Zippia.
- Nearly 20% of Gen Z and 15% of millennials claimed they would be happy if they were to be laid off today, as a survey conducted by the Harris Poll for Bloomberg News in January 2023 uncovered.
- As a new report from LinkedIn found, 61% of US workers are considering leaving their jobs in 2023.
- Getting fired isn’t a career killer. 91% of executives who were fired ended up finding a position as good or better than their last, as Zippia's study revealed.
According to the Bureau of Labor Statistics, the average worker has a 1 in 4 chance of getting laid off sometime during their career. It often comes as a shock, and it hurts. Still, that’s not always the case. And it’s not the only way to end employment. Nowadays, many people rethink their careers and decide to quit.
In today's job market, quitting and losing a job have become increasingly common experiences. While facing the uncertainty and financial pressures that come with job loss or leaving a job is never easy, it may serve as an opportunity for growth and new beginnings. A blessing in disguise.
At Zety, we surveyed 1000 employees to examine:
- How it feels to quit a job
- How it feels to be fired from a job
- Social perception of whether it is better to quit or to be fired
- Fear of being fired and job loss-related emotions
- Reasons for quitting a job and getting fired
- 9 in 10 participants have quit a job. 62% of them take pride in it.
- 73% would quit the job if they had no chance of growth.
- 54% claim getting fired scares them more than death.
- 64% believe that job termination would make them feel useless.
- 75% feel ashamed of getting fired. 1 in 3 has hidden it from their family.
- 64% claim that in the long run, the layoff has turned out to be beneficial for their career.
- Coming to work intoxicated, lack of professionalism, and poor teamwork skills are considered the top good reasons to fire an employee.
But don’t quit now. Keep reading to discover what else our study revealed about termination and resignation.
First-hand experience with ending employment
To start with, we asked respondents how they left their last job
- 57% of participants quit their last job, 26% were fired, and 17% chose “Other” as their answer.
When it came to quitting, there were disparities among different demographic groups. Let’s take a closer look.
Gender: females—61% quit vs. males—52%
Age: 25 or younger—60% quit vs. 26–40—52%
Industry: education—61% quit vs. manufacturing—52%
Work experience: 11+ years—66% quit vs. 3–5 years—53%
Company size: 501+ employees—64% quit vs. 51–200 employees—54%
Political affiliation: Democrats—64% quit vs. Republicans—50%
Annual income: $25,000 and less—61% quit vs. $75,000 and greater—49%
In contrast, the only noticeable difference in experiences with being fired could be observed in answers given by different age groups.
Age: 26–40—33% were fired vs. 25 or younger—16%
Notably, Gen Z seems to be a labor market disruptor when it comes to leaving their jobs. We’ll discuss it further in the next section of the article. But for now let’s move on.
Almost 6 in 10 (58%) participants claimed they had been unemployed for more than 6 months at some point in their careers. Disparities in different demographic groups to note:
Race: ethnic minorities—64% vs. white—57%
Industry: healthcare—69% vs. business & finance—54%
Type of work: blue-collar—66% vs. white-collar—57%
Company size: 1–50—71% vs. 501+—52%
Political affiliation: Democrats—59% vs. Republicans—52%
Annual income: $25,000 and less—64% vs. $50,000–74,999—55%
It seems that bigger companies provide more stable employment and a greater number of professional opportunities. In that regard, corporations aren’t as bad as they’re made out to be.
Now let’s focus on statistics regarding first-hand experience with quitting and getting fired. We asked participants to share how many times they had quit a job or been fired.
Over the course of your working life, how many times have you quit a job?
- Never – 7%
- 1–2 times – 47%
- 3–4 times – 33%
- 5 times or more – 13%
[business & finance—21% vs. healthcare—7%]
Over the course of your working life, how many times have you been fired?
- Never – 24%
- 1–2 times – 37%
- 3–4 times – 26%
- More than five times – 13%
[manufacturing—23%, business & finance—22%, education—8%]
Business & finance employees win the title of the greatest job hoppers. Time to move on to detailed findings about quitting.
Quitting a job: numbers & emotions
Quitting is gaining momentum in the labor market. Our study confirms this.
There are many reasons behind this phenomenon. In Gallup’s “State of the Global Workplace: 2022 Report”, 50% of US workers reported feeling stressed at their jobs on a daily basis, 41% being worried, 22% as sad, and 18% as angry. With growing mental health awareness, more and more people shift priorities and seek work-life balance. They look for new professional opportunities, which leads to resignations.
Also, new generations bring new rules to the labor market table. Gen Zers are courageous, demanding, and want to work for a higher cause. They place a great emphasis on purpose-driven work and a good work-life balance. Generation Z employees value flexibility, growth, and promotion opportunities.
Paychex's study on juggling multiple jobs revealed that while 40% of workers overall currently have multiple jobs, this number rises to almost half of Gen Zers. A full 47% hold down three or more jobs.
Here we go. Well, it’s way easier to quit one job if you have another up your sleeve. For Gen Zers, jobs come and go, but their career is here to stay.
Let’s move on to emotions related to quitting.
When asked, “How did quitting a job make you feel?”, participants answered as follows:
- Happy – 48%
[working remotely—62%, blue-collar—56%, ethnic minorities—55%, company with 1–50 employees—55%]
- Depressed – 23%
[business & finance—31%; 1–2 years of work experience—30%]
- Neutral – 29%
Also, a full 62% claimed quitting a job had made them feel proud. The percentage was even higher for ethnic minority participants (77%).
Taking control can be empowering.
Here are some more research findings worth mentioning:
- 75% of survey takers told their family and friends that they had quit a job. Employees of the business and finance industry were slightly less open, though. 67% informed family and friends about their quitting.
- At the same time, 68% of respondents claimed that that could relate to people who hid the fact they’d quit a job.
- Surprisingly, 62% said they’d return to the employer they quit from.
We also asked participants if quitting a job had turned out to be good for their careers. A full 67% agreed, 24% disagreed, and 9% were unsure.
But what about when the shoe is on the other foot? How do people feel about being shown the door? That’s what we explored next.
How does it feel to lose a job? 2023 statistics on being fired
Let’s reflect on how it feels to lose a job.
- Surprisingly, as many as 51% felt happy after a job loss. 27% were depressed, while 22% remained neutral. Getting fired seemed worst for healthcare industry workers. 37% of them felt depressed once it happened.
Unfortunately, joy was not the only emotion experienced by participants when they lost their job.
- 75% of survey takers admitted they had felt ashamed of getting fired. 1 in 3 had hidden the fact of losing a job from their family.
- For business and finance industry workers, job loss was even more difficult than for respondents employed in different sectors. A full 84% claimed getting fired had made them feel shame. Also, almost half of them hadn’t told their families (44%) and friends (48%) about the fact.
- Respondents with an annual income greater than $75,000 showed a stronger tendency to keep silent about losing a job compared to people who earn $25,000–$49,999 – 43% vs. 21%, respectively.
On a positive note, a full 64% of participants believed that this layoff had turned out to be good for their careers.
All's well that ends well. But which is better, termination or resignation?
What’s better? To quit or to be fired?
Time for the big question: to quit or to be fired?
51% of respondents considered quitting as a better way of ending employment. 31% preferred getting fired, while 18% rated them the same.
No surprise. We all know the breakup rules. “It’s not you, it’s me.”
We also asked which form of ending employment our respondents believed was more common. 47% picked quitting, and 22% chose getting fired. At the same time, 31% viewed both of these options as equally common.
Accurate assumptions. As the Bureau of Labor Statistics reported in JOLTs summary from April 2023, quits (4.0 million) edged up, while layoffs and discharges (1.5 million) decreased.
Let’s move on to job loss-related emotions now.
Fear of being fired & job loss-related emotions
Job loss. The sum of all fears. Let’s see what emotions being fired evokes.
- Almost 6 in 10 (58%) employees confessed they were afraid of getting fired.
- Education sector employees (80%) and blue-collar workers (73%) showed the greatest fear of job loss of all demographic groups. On the contrary, participants who described themselves as a hybrid of white and blue-collar workers (42%) and business and finance industry employees (48%) turned out to be the least scared of getting fired.
- 65% of survey takers admitted that their fear of job loss is greater than their fear of sickness or poor health.
Better dead than unemployed? Disturbing, to put it mildly.
Interestingly, participants with work experience of over 11 years tended to be more job loss-related fear resistant than others. A full 42% declared getting fired did not scare them more than death. The longer you work, the less you care? Or maybe the “older–wiser” rule applies?
And what emotions are associated with job loss? We asked respondents how getting fired would make them feel.
- 64% believe that job loss would make them feel useless, 62% lonely, and 60% stupid.
You’re more than your job. Don’t even question it.
Reasons for quitting a job & getting fired
Time to focus on reasons for quitting a job. What makes us resign? Do we wait for the last straw? Is quitting a job a decision made on a whim? Or is it a result of long-term consideration? Let's find out.
We asked participants to share what would make them quit their job.
I would quit a job if… [% of somewhat agree/strongly agree]
- my earnings were low – 78%
- I got a better job offer – 77%
- I had no chance of growth – 73%
- my workplace atmosphere was negative – 71%
- my job was meaningless – 70%
- my personal values clashed with the employer’s values – 70%
- my job duties were boring – 63%
[6–10 years of work experience—74%; master’s degree holders—74%]
- I started dating my coworker – 60%
- I started dating my manager – 58%
[education industry—71%, ethnic minorities—67%]
- I had to work with clients – 57%
Low pay, a better job offer, and a lack of career advancement opportunities are on the podium. Employers take note. The best investment is in human potential.
Let’s move on. We also gave respondents the opportunity to share more reasons why they would quit a job. These included the following:
- Wanting to change career and/or switch to a new industry
- Losing interest in a job, feeling bored
- Stress, work pressure
- Work overload
- Health problems (both physical and mental)
- Feeling depressed
- Feeling disrespected
- Feeling uncomfortable at work
- Conflict with a manager
- Discrimination in the company
- Unsafe environment
- Being harassed and not getting support
- Pay cut and other salary issues
- Company restructuring
- Company downturn
Time to change the perspective and focus on what’s behind the termination of employment. We asked participants what they considered good reasons to fire someone.
If I were an employer, I would fire an employee who… [% of somewhat agree/strongly agree]
- has come to work intoxicated more than once – 74%
[11+ years of work experience—87%]
- is not professional – 73%
- doesn’t work well in a team – 71%
[manufacturing industry—82%; master’s degree holders—79%]
- is often late for work – 71%
[11+ years of work experience—82%; manufacturing industry—81%; master’s degree holders—81%]
- doesn’t learn from their mistakes – 71%
- doesn’t take responsibility for their actions – 69%
- uses company resources for personal purposes excessively – 69%
[education industry—78%; master’s degree holders—78%]
- is not a good cultural fit for the company – 67%
- dates a coworker – 61%
Professionalism, teamwork skills, promptness, and the ability to learn from one’s mistakes are desirable in different careers and across industries. At the same time, research participants unanimously agreed that intoxication and work don’t mix. Sober is safer. Both on the roads and in the labor market.
When asked to provide some more reasons for getting fired, respondents named:
- Ongoing poor job performance without enough improvement
- Absence issues (taking too much time off, “a no call no show”)
- Lying on a resume, cheating on a job application
- Overall bad attitude to work
- Excessive use of their cell phone for personal purposes
- Creating a hostile work environment
- Deliberate damage to company property
- Unethical behavior
- Criminal behavior (e.g., theft, revealing trade secrets, harassment, forging company records)
So you can minimize your chances of being fired by being honest, acting ethically, and staying productive. As simple as that.
Whether you experience termination or resignation, remember every ending is just a new beginning. Find the courage to fight for a better professional future. As job satisfaction goes hand in hand with overall well-being, employment goes way beyond making ends meet.
The moment is now. May your efforts be rewarded.
The findings presented were obtained by surveying 990 respondents online via a bespoke polling tool. They were asked questions about different forms of ending employment. These included yes/no questions, scale-based questions relating to levels of agreement with a statement, questions that permitted the selection of multiple options from a list of potential answers, and a question that permitted open responses. All respondents included in the study passed an attention-check question.
The data we are presenting relies on self-reports from respondents. Everyone who took our survey read and responded to each question without any research administration or interference. We acknowledge there are many potential issues with self-reported data, like selective memory, telescoping, attribution, or exaggeration.
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- Fisher, C., “Ready for Anything: Jobs Come and Go, But Your Career is Here to Stay”
- Flores, M., “Is It Better To Quit or Be Fired?”
- Gallup, “State of the Global Workplace: 2022 Report”
- Haegele, B., “More Than a Third of Gen Z Are Worried About Layoffs: Here’s How They Can Stay Prepared”
- Iacurci, G., “2022 Was The ‘Real Year Of The Great Resignation,’ Says Economist”
- Maitlis, S., “Making Sense of the Future After Losing a Job You Love”
- Malinsky, G., “In The U.S., You Can Legally ‘Be Fired For Any Reason Or No Reason At All’—Here’s Why”
- Royle, O. R., “Gen Zers Are Now ‘Polyworking’ Because Holding Down Just One Job Doesn’t Pay Enough Or Give Them The Flexibility They Want”
- Smith, M., Segal, J., & Robinson, L., “Job Loss and Unemployment Stress”
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- Wells, C., Ballentine, C., & Cachero, P., “Go Ahead, Fire Me: Some Workers Welcome Losing Their Jobs”
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As a new report from LinkedIn found, 61% of US workers are considering leaving their jobs in 2023. Getting fired isn't a career killer. 91% of executives who were fired ended up finding a position as good or better than their last, as Zippia's study revealed.What is the resignation trend in 2023? ›
The “Great Resignation” where record numbers of U.S. workers voluntarily resign from their jobs continued as over 4 million workers quit in February 2023 – after dropping below 4 million quits in January 2023 – according to the Job Openings and Labor Turnover Survey (JOLTS) released by the U.S. Bureau of Labor ...How many people quit their jobs in 2023? ›
LinkedIn reports a shocking 61% of American workers are considering leaving their jobs in 2023. This number is especially high among the younger generations, Millennials (66%) and Gen Z (72%).Is the Great Resignation continuing in 2023? ›
The Great Resignation slowed down by 2023. However, it was replaced by "quiet quitting," a less-defined trend where workers kept their jobs but did the absolute minimum to avoid getting fired.Is it better to resign or get terminated? ›
The advantages of quitting instead of being fired include the possibility of negotiating severance and a positive recommendation. Disadvantages of quitting include forfeiting the right to claim unemployment. Any time you think your job is in danger, it's a good idea to start looking for a new job just in case.Will it be harder to find a job in 2023? ›
Overall, the job market is likely to slow down in 2023 as compared to the historically low unemployment rates of 2022. This is considered a return to normal economic conditions. However, new jobs will be created, and there will be opportunities for diligent job seekers to find work.Will layoffs increase in 2023? ›
Job cuts have soared to 270,416 so far in 2023, an increase of 396% from the same period a year ago.Will people lose jobs in 2023? ›
Odds of a recession in 2023 hover at 64% amid bank failures and higher rates. Economists see jump in unemployment and major job losses over next 12 months.Why are Gen Z quitting their jobs? ›
The generation prioritises learning and professional development opportunities in their jobs. Aligned with the job satisfaction insights, Gen Zs also proved to be the generation most likely to quit their job if they are unhappy with their workplace, the report found.Who is most likely to quit their job? ›
People in customer service, human resources and technology roles are most likely to resign soon, according to a new report from Payscale.
If you've been seeing signs you need to quit your job for the whole year but haven't taken action on it, you're probably now wondering if December is the best month to resign. Traditionally, experts would say that it is, simply because January, which is just weeks away, is the best month to apply for jobs.What is quiet quitting job? ›
Quiet quitting doesn't actually refer to quitting a job—it means completing one's minimum work requirements without going above and beyond or bringing work home after hours.Does resigning affect future employment? ›
If you want to quit a job, you may be wondering if this is going to have long-term repercussions. The good news for employees who are considering quitting their job is that this is not going to go on their record. If you decide to quit your job, you do not have to worry about this affecting your future employment.Can I say I quit if I was fired? ›
You can say whatever you want when you apply for a new job. I don't want you filling out automated applications, so you don't have to worry about that, but you may get the question “Were you fired or did you quit?” from a recruiter or a hiring manager, and you can say “I decided it was time to go.”Does resigning from a job look bad? ›
Leaving a job before you've been there for an entire year almost always looks bad on your resume. Great resumes also don't show several years spent bouncing from job to job. It might be worthwhile to wait things out and look elsewhere once your resume is better padded. You can get the changes you want.What are the disadvantages of resigning from work? ›
- Future employers may question your loyalty. Be prepared to explain why you left your current company while maintaining a professional demeanor. ...
- Leaving your job may cause financial challenges. ...
- Your health insurance and benefits may lapse.
Half a year without a job is enough to give anyone cause for concern. To make matters worse, once you've gone that long without a job, prospective employers now have concerns of their own. If you've been unemployed for a few months or more, here are some things you can do to help proactively alleviate these worries.What time of year is hardest to find a job? ›
Late November through December are typically the worst times of the year to find a job due to many hiring managers and employees being absent with seasonal holiday vacations. More so, many companies are at the end of their fiscal year and hiring budgets could be scarce.How to make money without a job 2023? ›
- Rewards Programs.
- Market Research.
- Cash Back Apps.
- Answer Surveys.
- House or Pet Sit.
- Sell Unwanted Items.
- Gaming Sponsorships.
- Write Reviews.
There are no signs of the job cut trend slowing down. In 2023, an estimated 6 in 10 companies are likely to enact layoffs, affecting 30 percent or more of the workforce.
- 1) Hiring and expenses freeze. When the economy is booming, you may see new employees joining your company every week. ...
- 2) Eliminating products or programs. ...
- 3) Change in management styles. ...
- 4) The company's trends and patterns. ...
- 5) Payroll bloat.
- Decide what the company will need going forward. ...
- Figure out which departments or positions will be cut. ...
- Establish the criteria for layoff decisions. ...
- Make a list. ...
- Check it twice. ...
- Keep enough people to do the work.
BofA warns that the US economy will begin to lose 175,000 jobs per month in Q1 of 2023, expects a 'harder landing' rather than a softer one — here's why. The latest jobs report shows that the U.S. labor market is in decent shape, but Bank of America sees trouble looming in the distance.Will job market be good in 2023? ›
A recent study from the Economic Policy Institute shows the Class of 2023 is graduating into a stronger labor market for young workers, as measured by lower unemployment and underemployment rates, than the year prior's graduating class.What are the challenges for employers in 2023? ›
One of the most significant challenges companies will face in 2023 is dealing with shifting employee expectations. In 2023, it isn't enough to have job security and a good salary; many employees these days are looking for work schedule flexibility, greater engagement with their work, and sustainable productivity.Which generation quits the most? ›
Over 50 million workers said goodbye last year, and it's a trend that's shown no signs of slowing, based on the latest months' data. The Great Resignation was increasingly dominated by Gen Z.Why employees are quiet quitting? ›
Quiet quitting is a sign of employee burnout and exhaustion that stems from the way organizations have long treated their workers.Why are people quiet quitting? ›
So, the simple answer to why people are “quiet quitting” is their desire to avoid high stress and burnout by taking work/life balance into their own hands.What is the number 1 reason good employees quit? ›
According to the Pew Research Center data, the top reason employees left their job was because of poor pay. Compensation and benefits are incredibly important to employees. According to the Society for Human Resource Management, 63% of U.S. employees said that compensation and benefits are an important factor.What percentage of people regret leaving their job? ›
The corporate world is currently grappling with a new phenomenon known as the “Great Regret.” A recent Paychex survey shows that 80% of employees who left their jobs during the Great Resignation period now regret their decision.
The hospitality and leisure industry had the highest number of people leaving their jobs among the major industries in October 2022, at 5.5%, the BLS says. The quit rate in the transportation, warehousing and utilities industry was 2.8%, and in the construction industry it rose to 2.4% from 2% a month earlier.Is it better to resign on Friday or Monday? ›
The best time to resign is at the end of the day, and on a Monday or Tuesday. The end of the day timing is for your benefit. Resigning at 5:00 p.m. allows you to have your resignation meeting, and then allow you to distance yourself from the potential discomfort by leaving the office.What day of the week is best to resign? ›
Resigning on the last day of your workweek may help you remain calm and focused during the process. For example, if you prefer to dismantle a workspace alone, it may be more helpful to resign later in the day. It can also help you optimize the personnel transition process for a supervisor.Should you give notice on a Friday or Monday? ›
There are several reasons that Friday is the traditional day to quit. If you decide to quit Monday, Tuesday, Wednesday, or Thursday you're making a mistake! When you turn in your notice on a Friday you can let the dust settle over the weekend.What is slow quitting? ›
There's been a lot of talk around quiet quitting. This is the trend where employees put in a minimal amount of effort just to get through the workday. Although this trend is disturbing, we need to take a look at some underlying factors that contribute.What is rage applying? ›
What is rage applying? The phrase “rage applying,” took off on TikTok to describe what some workers have been doing when feeling miserable or overlooked in their jobs.What is this great resignation? ›
Employees across multiple sectors came to the realization that they weren't happy with their jobs during the pandemic. People weren't satisfied with their work environment, the industry they were in or their work-life balance and left their jobs. Anthony Klotz coined the term the Great Resignation.How long does the average person stay at a job? ›
How long does the typical employee stay at a job? The typical employee stays at a job for just over four years, according to a 2020 study from the United States Bureau of Labor Statistics .Will future employers know I was fired? ›
Some employers will request information about your separation from the previous employer, while others do not ask. If you are not asked directly, you are not legally required to disclose details about your previous termination.Is resignation worse than termination? ›
Compensation. When you resign, your employer typically only pays for the work you do through the end of your last day on the job. If you're terminated, your employer may have to pay your compensation or severance pay, which refers to the compensation to account for your job loss.
If you have an employment contract that requires you to give notice and work two weeks before leaving, your employer may breach the contract by firing you.Is it better to quit in person or email? ›
Do I have to resign in person? First things first: you should tell your manager in person. If that's not possible because you're based in different locations, then you could opt for a phone call. It's best to avoid email in any case – even if your manager is on retreat at a remote mountain with no phone access.Is it hard to get a job after being fired? ›
Prepare Yourself For Rejection – Getting fired definitely makes the job search even more challenging. It means that you have to shine and be a much stronger job applicant than any of the competition. The small blemish on your professional status may cause you to be rejected from a few jobs before you land one.Do people regret the great resignation? ›
How are the pioneers of the Great Resignation doing? One – admittedly very small – survey this year suggested 80% regretted their decision; another last year highlighted a similar percentage (72%) who experienced regret or surprise after quitting for a different job.Is it better to resign or quit your job? ›
Quitting a job is the same thing as resigning from a job in most cases: either way you have chosen to no longer have that job. Resign is more at home in formal settings, but quit is perfectly acceptable in serious writing as well.Is great resignation regret sweeping? ›
80% of workers who quit in the 'great resignation' have regrets, according to a new survey. The “Great Regret” is the latest workplace trend to sweep the nation, with the majority of professionals who quit their jobs last year wishing they could get a do-over, according to a new survey.Why do I feel guilty for resigning? ›
Feeling guilty about leaving a job is a totally normal reaction. It shows how much you care about the people impacted by your decisions, and how much you're invested. That's a strong reflection of your values.Why do I feel regret after resigning? ›
Why you may regret quitting. You may regret quitting a previous job because factors that led to you leaving your position no longer are important. Finding a better opportunity, pursuing a college degree, relocating or dealing with a personal or family matter may no longer influence your career decisions.What are the two most crucial reasons for your quitting? ›
- Company downturn. ...
- Acquisition or merger. ...
- Company restructuring. ...
- Career advancement. ...
- Career change to a new industry. ...
- Professional development. ...
- Different work environment. ...
- Better compensation.
Of the 673 million jobs reflected in the dataset in this report, respondents expect structural job growth of 69 million jobs and a decline of 83 million jobs. This corresponds to a net decrease of 14 million jobs, or 2% of current employment.
Talent turnover and scarcity will remain a risk for companies – Voluntary turnover is expected to reach 35% in 2023, according to research from Work Institute.Is now a good time to quit my job? ›
It may be time to quit your job when you're no longer motivated to complete your daily tasks, feel overworked or burnt out, or want to move beyond your current position into a more advanced one. These are a few signs that it may be time to quit your job and get a better one that more effectively meets your needs.Am I going to lose my job in a recession? ›
The answer depends in part on your industry and the type of job you have. And there's still no guarantee you won't lose your job during an economic downturn. You aren't helpless, though.What do employees want in 2023? ›
50% want more flexibility in their hours and/or location. 45% care more now about their work/life balance. 41% are looking for more benefits such as mental health care and increased PTO. 36% care more about their workplace culture than they did before.Which profession has the highest projected employment for 2024? ›
Employment in business and financial operations occupations is projected to grow 8.4 percent from 2014 to 2024, as fast as the average for all occupations, adding 632,400 new jobs.
In 2030, some of the most popular jobs could be vertical farmer, space pilot or body part maker, according to a new report.How to retain employees in 2023? ›
- Recognize your employees' contributions. ...
- Invest in employee development. ...
- Support social relationships in the workplace. ...
- Review your compensation plan. ...
- Provide hybrid and remote options. ...
- Improve work-life balance.
- Create professional development opportunities.
- Make sure managers are not compelling great employees to leave.
- Create career advancement opportunities.
- Improve the onboarding process.
- Monitor turnover risks.
- Make sure your employees are appreciated and recognized.
- Massachusetts Mutual Life Insurance Company. ...
- 2-tie Amazon.com Inc. ...
- 2-tie American Family Life Assurance Company of Columbus (AFLAC) ...
- 4-tie Google, Inc. ...
- 4-tie Mosaic. ...
- 6-tie Chesapeake Energy Corporation. ...
- 6-tie Group 1 Automotive, Inc.