Some insight into quitting via Axios and quoting the piece.
The quitting bonanza among leisure and hospitality workers that helped define the “Great Resignation” is starting to cool. It’s heating up in other industries, Axios’ Courtenay Brown writes.
The new quitting hot spots are tied to the housing market, where job openings rose to or near record highs.
The quits rate in the real estate sector surged more than any other industry, from 1.9% to 3.5% in April, the highest in 18 years.
In March, construction was the industry that saw the most significant jump in quitters, by a full percentage point, to a record 3.3% (before backing off in April).
The leisure and hospitality sector quits rate is still historically high, but it fell to 5.7% from 5.2% in March — the most significant since March 2020.
And a small insight on where empty offices are – the cities with relatively long commutes. A wall street journal analysis with two key lines.
Eight of the ten major cities with the most significant drop in office occupancy during the pandemic had an average one-way commute of more than 30 minutes in 2019. Meanwhile, six of the ten cities with the smallest drop in office occupancy have average commutes of less than 30 minutes.”
Why do we care?
I wanted to highlight the quit data because the trend appears to be moving around industries and different sectors at different speeds. Your mileage may vary, of course – and as always, the reason is less about you and more about your customers. If your customers have stumbles, you’re going to feel those repercussions.
The other was the simple commute data. There is a tendency – including me – to overanalyze the data. It could just be as simple as saying, “employees hate long commutes and now have an option.”
Your takeaway is to be flexible for valuable staff.
