Since the start of the pandemic, millions of Americans have taken the leap to quit their jobs — an exodus dubbed the ‘Great Resignation.’
Now, according to a recent Cengage Group study, the majority of Great Resigners are satisfied with their choice. In fact, 81% of respondents said they had no regrets about leaving their previous job.
In 2021, over 47 million U.S. employees decided to make a change, representing an astonishing 23% of the nation’s total workforce.
But according to Cengage’s findings, just 6% of respondents indicated they were considering a return to their previous job. Even more, 85% of these individuals said they were satisfied in their new role.
On the other hand, a Paychex survey found that eight out of ten workers who quit their job during the Great Resignation regretted the decision, with a majority indicating their new company or role was very different from what they were led to believe. Despite this, most switchers are still in high demand, with just 26% of job switchers liking their new job enough to stay.
“While the recent layoffs certainly impact the balance of power, especially for those at big tech companies, in my view the tech sector is very much a perennial candidate’s market,” said Jim Chilton, CTO of Cengage Group.
“With the quick pace at which technology advances, there is always a need for new skills and new talent. The tech industry isn’t the only market for tech talent. There is demand for technologists in every single industry and we’re seeing talent being scooped up by startups and enterprises in other industries.”