How many Great Somethings have you read about this year?
Culture Amp rounded up and summarized the most popular “Greats” they encountered this year. By tracking the emergence and popularity of these HR trends, they could identify the cultural changes that have shaped and defined 2022.
Note: In making this list, they didn’t necessarily pick “Greats” that originated in 2022 – on the contrary, many headlines using the terms first appeared in 2021 or earlier, only to pick up popularity over time.
Five of the most popular “Greats” of 2022
The Great Resignation
The Great Resignation (also known as the “Big Quit” and “The Great Reshuffle”) is perhaps the most ubiquitous of the Greats. It refers to the ongoing trend in which employees left their jobs en masse beginning in early 2021 in the wake of the COVID-19 pandemic. The Great Resignation was triggered by the backlog of employees who refrained from quitting their jobs in 2020 due to fears of instability and future uncertainty.
Coined by Anthony Klotz, an Associate Professor of Management, the Great Resignation has continued well into 2022, with a March 2022 PwC Survey finding that one in five workers globally was planning on quitting their jobs in 2022. Millions of workers have left their jobs since the Great Resignation, searching for a more inclusive work culture, more flexibility at work, higher pay, and other benefits.
Despite fears of a recession and news of mass layoffs, data from the U.S. Bureau of Labor Statistics indicate that the Great Resignation is ongoing in the United States – at least for now.
- Unprecedented levels of turnover across industries and countries
- Turnover fueled by personal or professional discontent (most commonly due to low pay, lack of advancement opportunities, and feeling disrespected at work, according to Pew Research)
The Great Reflection
Shortly after Anthony’s prediction of the Great Resignation was proven correct, the “Great Reflection” began to appear in headlines. Both a reaction to and a reframing of the Great Resignation, the Great Reflection explains that many people were leaving their jobs due to deep introspection and reflection. The phrase emphasizes that people are choosing to quit jobs that don’t fit into their conception of a meaningful and fulfilling job and life.
- A more human-centric reframing of the Great Resignation
- Turnover that is driven by employees’ reflections on what purposeful work looks like – and their conviction to leave companies that don’t (or won’t) fulfill those expectations
The Great Sabbatical
“The Great Sabbatical” described a period when companies started offering more employees the opportunity to take a paid sabbatical as part of their retention strategy.This was an effort to counteract the Great Resignation. Ultimately, these sabbaticals were given with the hope that long-tenured employees would have the time and space they needed to recharge, refresh, and return reinspired to continue working.
- Increasing numbers of companies began offering employees the opportunity to take an extended leave from work, often at a percentage of base pay
- An effort to engage and retain a burnt-out workforce, many of whom may have considered leaving during The Great Resignation
The Great Re-entry
As the world and physical workplaces began to open up again in 2022, the “Great Re-entry” was used to describe the mass influx of workers worldwide who would “re-enter” the office. Across industries, companies announced return-to-office plans ranging from hybrid to fully in-person.
The Great Re-entry is expected to continue well into next year, with one survey finding that 90% of companies expect their employees to return to the office at least part of the week in 2023.
- A large-scale, worldwide transition back to hybrid/in-person work
- Emphasizes the need for companies to thoughtfully implement return-to-office plans that acknowledge employees’ mixed feelings about working in person again
The Great Apprehension
Despite a currently robust job market, experts predict that mass layoffs, inflation, higher interest rates, and a shaky economy will turn the Great Resignation into the “Great Apprehension.”
The Great Apprehension refers to the widespread uncertainty and anxiety many employees feel about their job security. As a matter of fact, one survey by Insight Global reported that 78% of Americans are fearful of losing their jobs if there is a recession and that 54% would be willing to take a pay cut to keep their jobs. This is in stark contrast to the last two years, in which employees across the globe willingly and intentionally quit their jobs at an unprecedented scale.
At the moment, it’s hard to say whether these fears will play out, but it’s certainly something to keep abreast of as we enter 2023.
- Characterized by strong anxiety, stress, and apprehension around the future, and lower risk-seeking behavior
- Driven by high interest rates, inflation, and fears of a recession
- Predicted to lead to low turnover (i.e., the end of the Great Resignation), as more employees prepare to “buckle down” to ride out an uncertain economy
Looking ahead to 2023
Viewed at a macro level, the various “Greats” of 2022 come together to form a fascinating timeline of the many changes that have shaped our world of work this year. Will the Great Resignation actually give into the Great Apprehension? Will the Great Re-entry play out as planned? The future is anyone’s guess, but one thing we do predict is that we’ll be seeing more Great Somethings in 2023.
Courtesy CultureAmp.com. Article available here.