The fact that workers regret quitting during the Great Resignation underscores a more significant issue: worker needs are not getting met. 

That’s according to John Morgan, president of Lee Hecht Harrison (LHH), a global provider of talent acquisition and job recruitment solutions.

According to a recent survey by Joblist, about 26% of people who quit their job during what was dubbed the Great Resignation already regret it. Additionally, 42% of people who found a new job after quitting said the new gig didn’t live up to their expectations. 

THE ‘GREAT RESIGNATION’ IS FAR FROM OVER, STUDY SHOWS

Not only is this a sign that “Great Regret is happening but also that workers are looking for a better workplace culture, and are finding that these needs aren’t being met by either company,” Morgan said. 

Chad Carden, founder of consulting firm The Carden Group, said many employees had been lured away by promises of higher pay, better titles and better perks during the Great Resignation. 

Now hiring signs in Deleware

Now Hiring signs are displayed in front of restaurants in Rehoboth Beach, Delaware, on March 19, 2022.  (STEFANI REYNOLDS/AFP via Getty Images / Getty Images)

Younger professionals, in particular, also had a “heightened expectation” to have more paid time off, schedule flexibility and meaningful work and were willing to make a change to attain this, according to Kelly Lannan, senior vice president for emerging customers at Fidelty Investments.

In May, a survey from Fidelity revealed that approximately 61% of young professionals between the ages of 25-35 years old changed jobs in the last two years or plan to do so within the following two years. 

A record number of American workers – 4.5 million – quit their jobs in November 2021, according to data from the Bureau of Labor Statistics. It’s a significant uptick from November 2020, when 3.2 million people quit. It didn’t stop there. BLS data shows another record 4.5 million Americans quit in March 2022. 

“Ultimately, employees moving to new roles and new organizations are really looking for what makes them happy, and often the sentiment is that more money equals a happier life,” he said. “For instance, sign-on bonuses seem great, but is it being offered because the organization’s culture isn’t one that cultivates value and fulfillment in its employees?”