Surprise: Great Resignation Turns To Great Regret

They really weren’t thinking about what they were doing, just playing it by ear, and the grass is not always greener on the other side of the fence

Great Resignation becomes Great Regret as workers long for their pre-Covid jobs

Most office workers who quit their jobs during the pandemic now regret the decision, with almost three quarters pining for their pre-Covid roles.

A survey of 3,000 white collar workers who moved jobs during the pandemic found that 71pc wanted to return to their pre-pandemic employer.

The finding suggests that the so-called Great Resignation is now leading to a Great Regret, according to recruiter Robert Walters, which conducted the research.

Thousands of workers began quitting their jobs in early 2021 amid dissatisfaction over pay and working conditions during Covid lockdowns.

Things just didn’t work out that well as time went by, especially as inflation ate the increased pay at the new jobs

Toby Fowlston, chief executive of Robert Walters, said: “Across 2021 we saw record pay rises offered to professionals, with promises of an uber flexible and hybrid culture.

“Come 2023, and these pay rises now pale in comparison to the rising cost of living and inflation – with those new starters who were offered inflated salaries being much less likely to have received a pay increase this year.

“It appears that workers are realising that the grass may not have been greener after all.”

New folks are less likely to get raises, right? Also

Dissatisfaction in the workplace sparked a new trend dubbed “quiet quitting” last year. The phrase captured the idea of putting in the minimum effort required at work.

However, rounds of deep lay-offs in the tech sector and warnings of looming recessions appear to have ended this trend.

That, and people realizing they need the job with inflation raging.

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13 Responses to “Surprise: Great Resignation Turns To Great Regret”

  1. H says:

    Inflation has. Been going down for 8 straight months.
    It is now less than wage incresses

    • The distinguished Mr H wrote:

      Inflation has. Been going down for 8 straight months.
      It is now less than wage incresses

      From the Bureau of Labor Statistics:

      CONSUMER PRICE INDEX – FEBRUARY 2023

      The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in February on a seasonally adjusted basis, after increasing 0.5 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 6.0 percent before seasonal adjustment.

      The index for shelter was the largest contributor to the monthly all items increase, accounting for over 70 percent of the increase, with the indexes for food, recreation, and household furnishings and operations also contributing. The food index increased 0.4 percent over the month with the food at home index rising 0.3 percent. The energy index decreased 0.6 percent over the month as the natural gas and fuel oil indexes both declined.

      The index for all items less food and energy rose 0.5 percent in February, after rising 0.4 percent in January. Categories which increased in February include shelter, recreation, household furnishings and operations, and airline fares. The index for used cars and trucks and the index for medical care were among those that decreased over the month.

      The all items index increased 6.0 percent for the 12 months ending February; this was the smallest 12-month increase since the period ending September 2021. The all items less food and energy index rose 5.5 percent over the last 12 months, its smallest 12-month increase since December 2021. The energy index increased 5.2 percent for the 12 months ending February, and the food index increased 9.5 percent over the last year.

      Also from BLS:

      In February, average hourly earnings for all employees on private nonfarm payrolls rose
      by 8 cents, or 0.2 percent, to $33.09. Over the past 12 months, average hourly earnings
      have increased by 4.6 percent.

      Last time I heard, the 6.0% price increase for all items, along with the 5.5% increase for all items less food and energy, as well as the 5.5% increase in the energy index, would all be greater than the 4.6% increase in average hourly earnings.

      Perhaps you just meant the monthly, rather than annualized inflation rate. Even with my Jethro Bodine sixth-grade education, I can cipher out that the 0.4% all items increase is greater than the 0.2% wage increase.

      So, no, inflation is not “now less than wage incresses (sic)”.

      Your breath must smell like a stinky fart, because you are always talking out your ass.

      • Elwood P. Dowd says:

        The excremental Mr Dana believes his effluvia don’t reek!!

        • drowningpuppies says:

          Oh, someone got triggered early this morning.

          Whats the matter, chubby?

          #LetsGoBrandon
          Bwaha! Lolgf https://www.thepiratescove.us/wp-content/plugins/wp-monalisa/icons/wpml_cool.gif

      • L.G.Brandon!, L.G.Brandon! says:

        Dana, he’s just doing what all commies have done since the invention of commiedom….LIE. It’s their SOP.

        Look now at what their lies have done to America. We are living the total destruction of our once great republic. All based on their hate.

    • Doom and Gloom says:

      I can tell you ain’t been to the grocery store lately!

      Jezus I was there a couple of days ago and left the store with 4 small plastic sacks. The cost was over 100 bucks.

      I bought 1 gallon of milk, 3 bananas, 6 small cans of cat food, 1 TINY bag of Fritos, a 24-count box of cat food, 2 large potatoes, 1 loaf of bread, 1 6 ct bag of bagels, 1 small container of Philly creme cheese, 1 small carton of potato salad, and 1 small carton of macaroni salad and the cost was 101.83.

      The government is simply lying out their asses when they say stuff is cheaper and inflation is coming down.

      Remember one simple Rule. Once Fritos are 6.00 a bag and inflation returns to 1 percent….Fritos will still be 6.00 per bag. Cat food that was 65 cents pre covid is now 1.12 and will still be 1.12 when inflation is reduced.

      IN the meantime businesses will have to contend with super high prices, high wages and China who is one by one picking off countries and removing them from the DOLLAR to the YUAN.

      Welcome to pre Venzuela folks. We are 10-15 years away from being a clone of Post USSR Russia.

      TYRANNY led by deep state actors who have enriched themselves and do not give a shit about anyone else.

      Does anyone not drinking Dowd and H’s kool-aide think that this country will ever return to a wonderful economy again?

  2. Elwood P. Dowd says:

    Wages creeping up, inflation creeping down. Trump arraigned. To the consternation of the doom and gloom rightists, things are getting better.

    • drowningpuppies says:

      Mr. Dana provided a citation to back his claims.

      So are you disputing the BLS numbers, chubby?

      #LetsGoBrandon
      #Trump2024
      Bwaha! Lolgf https://www.thepiratescove.us/wp-content/plugins/wp-monalisa/icons/wpml_cool.gif

    • James Lewis says:

      Dear Elwood:

      No one gives a shit as to the price 3 months ago… They remember what they were in 2019 and 2020.

      FYI, this AM I did some shopping at Walmart.

      I picked up a bag of Lays Potato chips which had been around $2.00 ….the current price?? $4.98. That matches well with $1.70 gas then and $3.18 now.

      You can blame the oil patch boys… you can blame the Arabs… but…..

      The fact is the Biden has been in charge.

      Given that inflation is driven by oil and greed we now find that the Democratic party doesn’t care because they see high petro prices as a way to force people into EV’s and thus placate their nutso base.

      So we have no one looking out for us…except Trump.

      And your NY buddy can’t get rid of him.

      • drowningpuppies says:

        It’s kinda like Andy has left town and Barney is in charge. https://www.thepiratescove.us/wp-content/plugins/wp-monalisa/icons/wpml_yahoo.gif
        (The young’uns might not get that reference.)

        #LetsGoBrandon
        #Trump2024
        Bwaha! Lolgf https://www.thepiratescove.us/wp-content/plugins/wp-monalisa/icons/wpml_cool.gif

      • Elwood P. Dowd says:

        How did Brandon cause global inflation?

        You should send money to the billionaire Don to help him look out for you!! Lyndsay Graham was on TV yesterday, crying, really crying, asking you to send $5 or $10 to Don.

        I know; you know; we all know that candidate Trump paid two former inamoratas to keep quiet before the election because he thought their disclosures could hurt his chances against Hillary. He attempted to hide the transactions and has been accused of falsifying business records.

        I don’t have any NY buddies that I recall. I have a nephew in NYC who’s a singer-songwriter and his fiance.

        • drowningpuppies says:

          Rimjob: How did Brandon cause global inflation?

          Sorry, chubby, the answer would involve a discussion of economics and degradation of the dollar, subjects of which you obviously have no clue.

          #PedosLiars&Rimjob https://www.thepiratescove.us/wp-content/plugins/wp-monalisa/icons/wpml_yahoo.gif
          #Trump2024
          Bwaha! Lolgfy https://www.thepiratescove.us/wp-content/plugins/wp-monalisa/icons/wpml_cool.gif

  3. Jl says:

    As usual, whatever Johnny says the opposite is usually true…

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