September 19, 2022 |

Is the Great Resignation here to stay in 2022?

The “Great Resignation” is a term used to describe the mass exodus of employees from the workforce, which started at the end of 2020. 

Almost 48 million Americans voluntarily quit their jobs in 2021. To put it into perspective, that’s nearly 6 million more than it was in 2019. While some thought this was a temporary side effect of the pandemic, the ongoing data seems to say otherwise. 

Globally, one in five workers are planning to quit their jobs in 2022.

Even executives are quitting. Research shows around 70% of high-level executives are seriously considering leaving their jobs in order to improve their mental well-being. 

Mental health and the Great Resignation

Since the onset of the pandemic in 2020, mental health rates have been on the decline. In the first year of the pandemic, the World Health Organization found global prevalence of anxiety and depression increased by 25%.

When it comes to employees specifically, 84% said they experienced at least one mental health challenge over the past year. To top it off, a neuer Bericht shows the number of employees who feel their employer cares about their well-being is at the lowest it’s been in nearly a decade. 

The Great Resignation is not the only negative workplace trend to come about since the pandemic, though. A new trend called “quiet quitting” has recently taken over social media. 

Quiet quitting is a term used by some young professionals to describe doing only the bare minimum at their jobs. The employees participating in this trend are disengaged, burnt out, and looking to make a change for their mental and physical well-being.

Both the Great Resignation and quiet quitting are trends that represent an outward expression of how employees have been feeling on the inside. 

Workplace well-being starts with corporations

Putting a stop to the resignation rates lies in the hands of corporations. 

U.S. businesses lose up to $300 billion yearly as a result of workplace stress. In the U.K., stress  and poor mental health cost the economy £117.9 billion a year.

Luckily, research shows organizations are beginning to come to terms with the need for mental health resources in the workplace. When surveyed, 92% of benefits leaders said providing mental health support for their people became a higher priority for their company in 2021. 

Employees might be starting to see the efforts. 

According to the American Psychological Association, 71% of employees believe their employer is more concerned about the mental health of employees now than they were in the past. 

Workplace well-being initiatives are starting to become the new normal, and some employees won’t accept a job without it. In fact, 81% of workers said they will be looking for workplaces that support mental health when they seek future job opportunities. 

The data shows one thing for sure – organizations struggling with recruitment and retention should consider workplace well-being initiatives as a way to attract and engage employees. 

Our solution for workplace well-being

Now that you know how important workplace well-being initiatives are… allow us to introduce our all-in-one company wellness solution: atlasGO.

atlasGO gives employees the space to set and track their own well-being goals while encouraging each other to reach their own. Our year-round platform allows you to build community challenges for the whole team to collaborate, and gives them the space to practice well-being on their own time as well. Gamified activities and on-demand content are designed to make the process fun and engaging along the way.

Our company engagement solution has a focus on reporting capabilities. This gives you, the organizer, the ability to gather and share the data you need. Offering our platform helps you show your team that you do truly care about them, from the inside out.

Access to daily well-being surveys, community challenges, individual achievements, wellness videos and more, will leave your employees feeling happier, healthier, engaged, and productive. 

So far, we’ve helped 124,000 employees boost their well-being. They’ve collectively traveled 16,374,050 km with their physical activities, and completed 88,490 hours of mindfulness activities!

Make employee well-being a priority in your organization today.

 

Written by Kelly Baker, Content Marketing at atlasGO

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