A benefits-focused approach to combating the Great Resignation

Employee needs are constantly changing, and it is imperative that employers adjust their benefits offerings in conjunction with those needs.

The Great Resignation continues to be a thriving phenomenon as an influx of Americans are resigning from their jobs with no signs of slowing down. The question that so many employers across the country are looking to answer in 2022 is: what is the cause behind this retreat? In today’s workforce job seekers have more bargaining power than ever. Those who are fueling the Great Resignation are fully aware of this power and are leaving their current jobs to find alternatives that are more closely aligned to their desired career structures. For many, these structures are centered around values such as work-life balance, adequate compensation and positions with efficacious resources. Companies that can provide these benefits to employees are more likely to thrive during this shift.

A report by Reuters revealed that U.S. employment numbers rose far below anticipated for the December period amid vast worker shortages. According to the BLS jobs report, these numbers fell over one million short of prior estimates for the December closing period. And as the year progresses, this number is gradually descending, but the disparity between the number of open jobs and the number applicants further reveals the fact that there is a vast shortage of workers in the current market.