Why are Americans quitting their jobs?
Not the workplace for you? Why people in the US are leaving their jobs. Image: Unsplash/Shridhar Gupta
- The rate of people quitting their jobs voluntarily in the US is up on pre-pandemic levels.
- 65% of people who quit their job did not return to the same industry.
- Lack of career development/advancement is the most commonly cited reason.
With employees in the United States quitting their jobs voluntarily at a rate 25 percent higher from December 2019-May 2022 compared to pre-pandemic levels, employers and some entire industries are scrambling to fill the substantial gaps being left behind. Research in Australia, Canada, India, Singapore, the United Kingdom and the United States by McKinsey & Company reveals that of employees that chose to quit their jobs from April 2020 to April 2022, 65 percent did not so far return to the same industry.
As this infographic shows, the survey also revealed the most common reasons cited by those handing in their notice. At the top of the list are the classics: "Lack of career development/advancement" and "inadequate compensation". The importance of a good boss is also highlighted, however, with the third most common response being uncaring or uninspiring leaders. A quarter of respondents said that a lack of workplace flexibility was also a factor - an issue acknowledged with varying degrees of enthusiasm and success since swathes of the global workforce realized that working from home was also possible during lockdown.
Don't miss any update on this topic
Create a free account and access your personalized content collection with our latest publications and analyses.
License and Republishing
World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.
The views expressed in this article are those of the author alone and not the World Economic Forum.
Stay up to date:
United States
The Agenda Weekly
A weekly update of the most important issues driving the global agenda
You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.
More on Jobs and the Future of WorkSee all
Emma Charlton
November 22, 2024