Equity Recruit, retain, resign, re-skill, repeat
Feb 23, 2022
The Great Resignation has dramatically reshaped how startups hire, pushing them to focus more on employee empowerment and personal growth rather than just salaries. The hosts discuss rising quit rates and the changing dynamics between employers and employees in a remote work world. They explore how venture capitalists are stepping in as new recruiters, making it easier for startups to compete for talent. Additionally, the importance of effective employee retention strategies is highlighted, showcasing the delicate balance between business success and workforce satisfaction.
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High Quit Rates
- Quit rates in the US were very high in late 2021, near all-time highs.
- The quit rate was 3.5% in December and 3.7% in January 2022, signaling substantial churn.
Widespread Impact
- High quit rates are affecting nearly every industry, not just tech, as evidenced by widespread help-wanted signs.
- The "Great Resignation" is impacting everyone, even those not planning to leave their jobs.
Pandemic's Impact
- The pandemic and remote work forced people to re-evaluate their lives and priorities.
- This led to the "Great Resignation" as individuals sought more fulfilling work and better work-life balance.