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48% of quits are people switching industries. New business applications are up by more than 30%. Over 5.4 million last year alone.
Hot topics, fresh stories and useful formation; all in 60 seconds
A different kind of quit
Welcome to the Know the Difference Minute for Wednesday, July 20th.
There’s more to The Great Resignation story.
More than 4 million Americans have left jobs each month this year, and researchers say it’s not ending anytime soon. About 40% of US workers are considering quitting in the next 3-6 months. That’s from a McKinsey survey of over 6,000 workers.
Here’s the difference. It’s not about the beach. For many, it’s about new opportunities. 48% of quits are people switching industries. It’s a great time to do it. Because of ongoing worker shortages, HR teams now prioritize skills over educational background or job experience
About 20% have chosen temp and part-time work—OR, to start their own business. New business applications are up by more than 30%. Over 5.4 million last year alone.
If one chooses—America is still the land of opportunity.
I’m Dave Spano from Annex Wealth Management. That is your Know the Difference Minute.