1 in 4 Workers Is Considering Quitting Their Job
April 21, 2021
Prior to the pandemic, workers were quitting their jobs at a record rate. In August 2019, nearly 4.5 million workers, roughly 3% of the total nonfarm workforce in the U.S., quit. That’s the highest quits rate ever recorded by the Bureau of Labor Statistics.
Then, when the pandemic hit and the unemployment rate surged, workers considered themselves lucky for any job they could find. Now that the economy is beginning to recover, workers are beginning to look for opportunities elsewhere.
A recent survey from Prudential Financial found that 26% of workers said they plan to look for another job once the pandemic ends.
Of those who are looking for new work, 80% said they would do so because they are concerned about their career advancement. 72% also said the pandemic has forced them to rethink their skill sets, with more than half of the potential quitters saying they sought out new training during the pandemic.
The switch to remote work also has many reconsidering their employment. Half of the respondents who are working remotely said they would consider looking for new jobs if their current employer does not make remote work a long-term option.