Growing Number Of Frustrated Workers Opt To Quit
It may be hard to believe, but even with the nation's unemployment rate stuck at around 9 percent, there are plenty of workers calling it quits. Fed up with lack of opportunity or having to "do more with less," a greater number of employees are heading for the exits.
Nearly 1.1 million workers left their jobs voluntarily in October, the largest number in more than a decade, according to the Bureau of Labor Statistics.
And the majority of those in this group quit before securing another job, suggesting that levels of frustration are on the rise.
For many, a perceived lack of career advancement may have led them to leave their jobs, according to a blog post by YES Partners, an executive search firm with offices worldwide.
"Top performers have had it with stagnant opportunities and rewards, and are starting to jump ship now that the job market is a bit looser," says Pat Sikor, senior researcher at TNS Employee Insights, in a press release.
YES Partners notes that a series of recent studies have shown employee engagement -- the amount of enthusiasm and interest workers bring to the job -- is falling.
Those include a recent survey by consultancy BlessingWhite which shows that just a third of workers in North America were engaged in their jobs and 13 percent said they planned to leave their jobs within the next year. Perhaps unsurprisingly, workers who reported being less engaged were most likely to leave their jobs.
One reason that employees are becoming less and less engaged is that employers are ignoring the problem, says Mark Royal, co-author of the book, "The Enemy of Engagement."
Royal, a senior consultant at the Hay Group strategy consulting firm, tells AOL Jobs that the result is a quiet drain on workplace productivity at a time when levels are already sapped.
High frustration levels, he says, are affecting the employees who are most motivated and committed to their employers.
Don't Miss: Companies Hiring Now
Stories from FINS
- How To Keep Your Job This Season
- Wall Street Pay Could Fall To Lowest Since 2008
- Just Be Thankful You've Got A Job
David Schepp has spent more than a dozen years covering business news for the electronic and print media, including Dow Jones Newswires, BBC News, Gannett Co., and most recently at AOL's DailyFinance. Nearly 10 years ago, he started writing a weekly People@Work column, looking in depth at issues facing workers in today's workplace. The syndicated column appeared in newspapers and websites nationwide before it made its debut on DailyFinance in 2010. Schepp now continues that tradition at Aol Jobs, covering the jobs beat and providing readers insight and analysis into the nation's challenging employment scene.
Schepp holds a Bachelor of Arts degree in journalism from Metropolitan State College of Denver.
Follow David on Twitter. Email David at firstname.lastname@example.org. Add David to your Google+ circles.