Monday, April 25, 2022

The grass wasn't greener for some job-switchers After millions quit jobs for new ones over the past year, the Wall Street Journal looks at how many now wish that they hadn't jumped ship. The monthly quit rate reached 2.9% in February, government statistics show. Recruiters who work with white-collar workers say many who jumped to new positions during the past year’s rush of job-changing have found that the roles are a poor fit, or the frustrations of their previous jobs exist in the new ones too. So-called boomerangs, workers who return to previous employers, accounted for 4.5% of all new hires among companies on LinkedIn in 2021, according to the professional networking site, up from 3.9% in 2019. Nearly three-quarters of workers who quit to take a new job said they felt surprise or regret, according to a survey of 2,500 U.S. adults conducted earlier this year by The Muse, a job-search and career-coaching company. Nearly half of those workers said they would try to get their old job back. More than 40% said they’d give their current employers two to six more months before switching again.

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