"More U.S. workers are quitting their jobs than at any time since the numbers have been recorded."
Society for Human Resource Management (SHRM)
Is your company battling a high turnover rate? Also, do more employees want to leave their jobs?
So, maybe you're wondering, "Why are people quitting their jobs in 2019?" Learn why employees quit and, even more importantly, avoid high turnover.
Quitting Employees on the Rise
The Bureau of Labor Statistics (BLS) said that 2018 workers voluntarily left jobs "at the highest rate since 2001." For example, private-sector quit rate rose from 2.4 to 2.6 percent. Not only that, but a Bureau graph (below) predicts continued climbing.
2018 Employee Quit Rates Exceeded those of Previous Documented Years
Inc. also reported that "60 percent of workers have quit or are considering quitting right now." Yet, big businesses can boost employee retention by learning why employees keep quitting.
Why are People Quitting Their Jobs in 2019? Top 10 Reasons
1. Poor Relationships & High Turnover Rates
Of course, toxic relationships can cause employees to quit. Certainly, everyone knows someone who dislikes the boss. In fact, it's one of the most common reasons for quitting:
82 percent of employees feel their supervisor doesn’t recognize them for what they do.
2. Employees Blame Boredom
Of course, boredom also explains why are people quitting their jobs in 2019. In fact, workers aged 18 and 34 report an average of 14 hours of boredom daily. Consequently, they lead boredom sufferers in the workplace. Meanwhile, boredom could result in 46 percent of men and 33 percent of women leaving a job.
3. Opportunity For Advancement & Turnover Rate
LinkedIn named lack of opportunities for advancement as the primary reason for quitting. In fact, 45 percent of 10,000 employees agreed.
4. Upcoming Job Changing Employees & Higher Pay
Robert Half, meanwhile, found that 44 percent of workers would quit for higher pay. Hence, high pay is the number one reasons that employees might leave.
5. Poor Communications: Employees Keep Quitting
Four hundred 100,000+ employee companies estimated inadequate communication costs at $62.4 annually.
6. New Workplace Expectations & Quitting Employees
Young generations want things Baby Boomers never imagined. Insight summarized what Millenials want:
Full-time telecommuting (85%)
Flexible or alternative schedules (54%)
Some telecommuting (50%)
Part-time work (47%)
Freelance or 1099 work (39%)
So, when supervisors say "no," they leave.
7. Culture Affected How Many Employees Quit in 2019
More than ever before, poor cultural fit drives off employees. In fact, people of all ages, unlike predecessors, seek experiences over things. Consequently, many quitting employees just want to fit in.
8. Financial Wellness & Employee Retention Rate
While Baby boomers accumulated unhealthy levels of debt, Gen X employees, instead, seek financial wellness. Consequently, younger generations compare company benefits. So perks help keep them afloat.
9. Overworked Employees Keep Quitting Too
In many industries, complex compliance requirements and understaffing cause too many responsibilities. For example, among teachers that left their profession, 71% blamed workload.
10. Quitting Employees May Feel Unappreciated
Unappreciated employees may lose productivity. In addition, they may engage less with coworkers. They also have more accidents on the job. Gallup also found that lack of appreciation makes employees more likely to quit.