Quits

Quits: Cooling Conditions Within the Labor Market Are Keeping Quits Low, but Burnout Remains the Main Driver for Quits

• Burnout and lack of opportunity are the top reasons cited for employee turnover.
• A cooling labor market is causing turnover to decrease as workers feel less confident about finding jobs.
• Awareness of the factors that drive employees to stay in or leave a job will help staffing firms find candidates and retain their employees.

In the 2020 ASA Candidate Sentiment Study, job-leavers cited burnout and lack of career opportunities as top reasons for their exodus, above even compensation-related troubles (in third place). As the labor market cools and labor leverage rebalances in the aftermath of the Great Resignation, staffing recruiters should be aware not only of what attracts candidates to new opportunities but also of what pushes them away from their current roles. Speaking to workers’ concerns can not only help connect potential talent-to-client placements but also give staffing industry managers the knowledge they need to retain corporate staff and the skills they possess.