2022-01-12

What is driving this 'Great Resignation'?

Hmm what a surprise to absolutely no one who works in a corporation.

https://sloanreview.mit.edu/article/toxic-culture-is-driving-the-great-resignation/

Toxic corporate culture. A toxic corporate culture is by far the strongest predictor of industry-adjusted attrition and is 10 times more important than compensation in predicting turnover. Our analysis found that the leading elements contributing to toxic cultures include failure to promote diversity, equity, and inclusion; workers feeling disrespected; and unethical behavior. In an upcoming article, we will dive deeper into each of these factors and examine different ways managers and employees can spot signals of toxic culture.8 For now, the important point is that a toxic culture is the biggest factor pushing employees out the door during the Great Resignation.

There are other factors as well:

  • Job insecurity and reorganization
  • High levels of innovation
  • Failure to recognize performance
  • Poor response to COVID-19   

Ultimately I look at those others as really a function of the main one.


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