May 9, 2024 - Business
Great Resignation's job-hoppers aren't as happy as those who stuck around
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Call it Great Resignation regrets. Workers who switched employers after the pandemic hit were less satisfied with their jobs last year than those who stuck around, per a new survey from the Conference Board.
Why it matters: It's a big change from 2022 when job switchers were more satisfied, and may indicate some other simmering issues in the labor market.
Zoom in: One big area of difference was in job security. Workers who switched jobs after the pandemic were more likely to say they weren't satisfied with their job security.
- Insecurity about employment status is likely more of a concern in 2023, as the frenzy of hiring that spurred the Great Resignation died down.
- And firms are more apt to let go of recently hired workers. As the adage goes: Last in, first out.
The bottom line: The grass isn't necessarily greener on the other side, the Conference Board notes in its report.
