There are 4.2 million people whom have dropped out of the labor force during the pandemic. A surge of 3.6 million people have also retired during the pandemic, 2 million more than expected. This has left us with labor force participation rate at just 61.7% in the U.S.
Businesses are also facing an accelerating quit rate as 3.8 million Americans resigned in June alone.
Gallup analysis finds that 74% of workers are actively disengaged and 48% are actively job searching. Potentially questioning how/why they work, and who they do it with.
70% of workers feel that COVID-related restrictions led to the most stressful period in their career. This is not business as usual. It’s time to ask the hard questions about your work policies and organizational health.