Employees are quitting their jobs at an unprecedented rate.
The Wall Street Journal recently reported that 2.7% of workers are leaving their jobs each month.
This is the highest rate of job defection in more than two decades, and if it continues, more that 30% of employees will leave their current employers to try something new in the next 12 months.
The appetite for change by employees indicates many professionals are feeling confident about jumping ship for better prospects, despite elevated unemployment rates.
Others seem to be driven more by dissatisfaction.
Many people are spurning a return to business as usual, preferring the flexibility of remote work or reluctant to be in an office before the virus is vanquished.
How long will the shuffle be going on?
According to Steve Cadigan, a talent consultant who led human resources at LinkedIn during its early years, it could be a while.
It’s going to take time for people to think through, ‘How do I unattach where I’m at and reattach to something new?’ We’re going to see a massive shift in the next few years.
How will the employment shuffle affect real estate?
New Agents: It’s important to be at the employment table when societal change is happening. Real Estate is a great option for some very talented individuals who will change careers in the months ahead.
Experienced Agents: Some of what happens in the job market at large will be mirrored in the real estate industry because agents are experiencing many of the same feelings. Retention efforts are more important then ever, and your competitors are vulnerable.
