Right now, many teams are dealing with massive turnover. Reports on the "Turnover Tsunami" and "The Great Resignation" reveal staggering volatility across industries and countries. Have you driven past the restaurants in your area recently? If so, you've seen the desperate billboards advertising hiring bonuses, increased wages, and pleading with customers to forgive their limited services.
Why is this happening? Lots of reasons.
According to Gallup, it may have nothing to do with the organization, the manager, or the team; this is part of what happens when major events force people to re-evaluate their life choices. Normally, major events like graduations, marriages, births, and deaths are infrequent and sprinkled randomly across the workforce. During these last 18 months, every single person experienced a major life event all at once. Everyone is re-evaluating their life choices, and a lot of them are deciding it's time for a change.
In short, it may not be about you right now.
Of course, if your whole team just quit, it might be entirely about you. Your company might be a terrible place to work. You might be an awful manager. Gallup also says that the Great Resignation is made worse by a pervasive Great Discontent.
Whatever the reason, labor shortages are making it hard to get work done.
The cascading failures are unraveling the supply chain. Whole teams are walking away from complicated systems, leaving their replacements with no one to tell them how it all works. This makes the new jobs especially difficult because customers haven't relaxed their expectations. Kindness, unfortunately, is not as contagious as Covid-19.
While many are leaving their jobs, it's likely that boredom, loneliness, or finances will drive them into new jobs soon.
What does this mean for employers and people leaders?