What The “Great Resignation” Means For You

  • May 12, 2022
  • 3 min read

The Great Resignation, the Great Quit—whatever term you prefer, there’s no denying that the current state of the labor market is making waves in both headlines and personal lives. Whether you’re an employee, a consumer, or a business owner, the seismic shifts in attitudes toward work have left many wondering about the implications. So, what does it all mean?

The Changing Landscape

The pandemic has undoubtedly altered our perspectives on life and work. It brought to light the realization that there’s more to life than just punching the clock. People now value their time differently, seeking more meaningful and fulfilling experiences beyond the confines of traditional employment.

However, the need for work remains—primarily for financial sustenance and to give life a sense of purpose. This dichotomy sets the stage for a reassessment of priorities and a quest for balance between personal fulfillment and economic stability.

Employee Exodus from the Restaurant Industry

To delve into the specifics, let’s consider the restaurant industry, a sector facing a significant labor shortage. In an interview with Wolfgang Puck, the renowned chef and restaurant owner sheds light on why this shortage is particularly pronounced in restaurants. The demanding nature of the job, coupled with long and unconventional hours, makes it less appealing compared to other industries. Customer service expectations, coupled with the industry’s lack of longevity, further contribute to the exodus of workers.

Finding Fulfillment Beyond the Mundane

For employees caught in unfulfilling jobs, the Great Resignation presents an opportunity for self-discovery. While leaving a job you dislike is liberating, it’s essential to have a plan for what comes next. Consider leveraging your education and skills to explore alternative career paths. Remote work, though not universally available, has become a sought-after option, providing newfound flexibility.

The Entrepreneurial Mindset

The blog post also emphasizes adopting an entrepreneurial mindset, both for employers and employees. For workers, treating your role as a personal business within a company can enhance job satisfaction and potentially lead to professional growth. Employers, too, are encouraged to view their team members as entrepreneurs within the organization, fostering a culture of initiative and self-development.

Maximizing Your Current Employment

Employers and employees are urged to work together to maximize their current employment situations. For employees, this means actively contributing to the success of the business and treating every interaction, whether with colleagues or customers, as an opportunity to provide value. Employers, in turn, should encourage and reward such initiative.

Balancing the Side Hustle

The blog post suggests that individuals exploring side gigs or entrepreneurial ventures should simultaneously focus on excelling in their primary employment. This strategy not only ensures financial stability but also provides a platform to supercharge the side gig through increased investment in advertising and marketing.

The Great Resignation is not a signal to abandon all traditional employment but rather an opportunity to reassess priorities and seek more fulfilling paths. Whether you’re an employee navigating the changing landscape or an employer looking to retain and empower your workforce, the key lies in fostering a mindset of initiative, adaptability, and continual self-improvement.

Remember, this perspective is not about making life harder; it’s about navigating the shifting tides of the modern workforce with intention and purpose. Feel free to share your thoughts and experiences in the comments below. After all, in this era of change, we’re all in it together.

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