McKinsey & Company explored why employees are leaving their jobs and how companies can attract and retain talent.
An online survey was conducted with 1,364 individuals across the globe who left their job without another job offer in hand between Dec. 2020 and Dec. 2021. A subset of 587 respondents indicated that they had voluntarily left, rather than being furloughed or laid off.
Key findings include:
- The top reasons respondents said they left their job without another in hand were:
- Uncaring leaders (35%)
- Unsustainable work performance expectations (35%)
- Lack of career development and advancement potential (35%)
- Lack of meaningful work (31%)
- Respondents who returned to traditional employment after leaving a past job cited that they accepted their current job due to “workplace flexibility” (39%) and “adequate total compensation package” (34%).
- Some respondents who returned to their past job expressed that they “could leave again” due to “lack of career development and advancement potential” (59%) and “inadequate total compensation package” (57%).