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Home News Workforce

The Three R’s of The Great Recession

According to McKinsey’s “The Great Attrition is making hiring harder” analysis, there are three categories of workers that are participating in the job exodus.

Aayat AlibyAayat Ali
August 18, 2022
in Workforce
Reading Time: 2 mins read
A A
The Three R’s of The Great Recession

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The Great Resignation is more complex than meets the eye. 

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According to McKinsey’s “The Great Attrition is making hiring harder” analysis, there are three categories of workers that are participating in this job exodus:  

  1. Reshufflers: Workers who have pivoted to new industries 
  2. Re-inventors: Workers who are switching to entrepreneurism, temporary work or gig jobs 
  3. Re-assessors: Workers who have quit their jobs to support their personal responsibilities 

According to McKinsey’s survey, 40% of workers worldwide said they planned to exit their jobs over the next three to six months.  

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Across Australia, Canada, India, Singapore, the UK and the US, workers cited doing so due to having a “high desire for work that is better paying, more satisfying, or both.” 

Jobs that experienced the highest quit rates included finance and insurance positions (65%) and public and social services (72%). 

McKinsey found that jobs within the tech industry, such as data science and programming, will be easy to attain, especially due to this sector embracing remote work models. 

Source: World Economic Forum
Tags: Workforce
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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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