The Great Resignation Risk | Norman Marks on Governance, Risk Management, and Audit

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While many are focused on issues like cyber, saying it is perhaps the greatest source of risk to an organization today, I believe there are greater sources of concern.

One of these has been in the news over the last months, called the Great Resignation

The Great Resignation

Consider this set of survey results from ResumeBuilder.com.

The-Great-Resignation-by-Work-Arrangement

In the article, they said:

ResumeBuilder estimates that in 2022, as many as 32% of U.S. workers will leave not only their jobs but their careers behind to start afresh in new industries, especially in IT. Overall, a quarter of employed individuals will quit their jobs in 2022, and half will leave in the first half of the year.

In 2020 and 2021, employees left their job in record numbers in what we know as The Great Resignation. One would expect job security as the primary concern during the pandemic and because of its uncertainties. The trend arose as employers failed to accommodate the emerging needs and expectations of the workforce amid the switch to remote work.

In just the second half of 2021, approximately 20 million people quit their jobs, including 4.5 million in November. In these two years, non-essential businesses adopted remote work, forcing the workforce to come to terms with a rapid shift in the culture even as they struggled to maintain a healthy work-life balance.

But at the same…

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