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Great resignation is driven by values
The great resignation has shown that many employers are changing to jobs with better perks such as flexibility, work-life balance or pay. But there is also a growing narrative that employees are quitting based on how well corporate values align with their own.
Emerging data suggests employees are becoming more ethically driven. 80% of US and Canadian workers surveyed stated it was important that company values matched their own. But, there is a disconnect. Only 57% of employees reported their values did align, and only half of the respondents stated that a misalignment would cause them to quit.
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The visibility of values
In the past two years, the combination of the pandemic, racial injustice and political polarisation has created a widespread sense that people expect businesses to lead in values.
Workers are leaving their jobs because of workplace culture. This trend is changing how workers decide where to work. The younger employees value a company's ethics more than previous generations.
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Resignation over company ethics overblown
Reports of mass resignation over a company's ethics may be inflated. Not every employee whose values are misaligned with their employer is ready to leave.
Instead, they may push for the organisation to shift its values by staging walkouts or organising diversity and inclusion efforts. For other workers, monetary or other incentives may be too good, and employees may focus on the positives instead.
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The long-term picture
Countless research over decades shows that people want to work for organisations with values in line with their own.
However, the conditions the Great Resignation has created, such as an overabundance of positions for workers to pick from, better perks and higher salaries, have given some people the chance to select companies that align with their values.
The difference is that workers have greater leverage. However, the trend that favours the workers could be short-term. Workers' options may dry up. If employees feel they don't have alternatives, they are less likely to change jobs.
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