Voluntary insurance and the Great Resignation

Employers often say they care about their employees and their families, but how many offer benefits that are portable when circumstances change and employees leave their jobs?

Experience with the pandemic and what is now known as the Great Resignation, have forced most CEOs to move recruitment and talent retention to the top of their priorities because of concerns over the impact labor shortages will have on their ability to achieve their objectives. In 2021, 47 million employees voluntarily quit their jobs, causing the biggest labor shortage since World War II.

To better understand the reasons for the Great Resignation and help leaders respond effectively, MIT analyzed 34 million online employee profiles to identify U.S. workers who left their employer for any reason (including quitting, retiring, or being laid off) between April and September 2021. Their research revealed several contributing factors including employers’ responses during the pandemic, frequency of reorganizations and job insecurities. The top predictor of attrition was having a toxic culture.