More workers finding reasons to stay in their jobs, a shift from the Great Resignation

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More workers finding reasons to stay in their jobs, a shift from the Great Resignation
WorkersPay IncreaseMoshmi Sanagavarapu
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A majority of workers are staying with their current employers rather than jumping ship for a brighter, shinier opportunity elsewhere.

For Moshmi Sanagavarapu , an analytics director in New York City, job jumping hasn’t crossed her mind.

The change of heart is fueled by several factors. Two years ago, workers were in the driver's seat, negotiating higher salaries, growth opportunities, and sweeter benefit packages. In response, many employers piled on new benefits and pumped up pay to lure new workers and retain valued ones. “Workers are not only quitting less than the peak of the Great Resignation in the spring of 2022 but also below the average rate just before the pandemic,” Nick Bunker,“There is no doubt that the labor market has stabilized from the turmoil of 2022 when employers were desperate to hire and keep their employees while job seekers were empowered to look elsewhere for better pay and work-life balance,” Gwenn Rosener, partner and co-founder of recruiting and staffing firm, told Yahoo Finance.

Those who switched employers during the pandemic and after “who might have been tempted to leave due to the pay increase may not have examined some of the other elements critical to their longer-term satisfaction,” Schweyer said. “And those at larger companies are more likely to stay put because of the possibility of finding another position in a different division or even relocating to a different office,” she said. Other reasons they are choosing to stay are opportunities to learn and grow at their current companies.

For Daniels, who was recently promoted, one key was letting her manager know that she was eager for more opportunities. “You have open communication with your higher-ups,” she said. “They may or may not be able to give you that right away, but if the opportunity ever arises that they could give it to you, they at least know that you want it.”● How can your boss professionally win from it?It’s not about what your “ask” can do for you. It’s about what it can do for them. Never forget that.

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