• Business
  • 21/03/2022
Will The Great Resignation Impact You?

Every so often, an event happens that shapes a generation. Now, in 2022, this event could be the 'Great Resignation'. But, what is it, and why should you take note?

The Great Resignation

The last few years have been challenging for all of us - there's no doubting that. Battling COVID, anxiety, stress and worries associated with daily life, some of us have been fortunate enough to rely on the stability of working remotely. Now, emerging from the other side of the pandemic, attitudes appear to be changing.

Working attitudes have shifted from the days of 9-5, Monday to Friday, chained to a desk. Instead, attitudes towards a work/life balance have shifted. For some, work is now on the back burner. Equally, others have doubts over the productivity of those working outside of an office. 

One thing isn't up for debate; 2021 saw a record number of resignations - 4.5m people quit by the end of November - leading to experts branding it the 'Great Resignation'. 

What's Driving This?

Some employers have struggled to tempt staff back to the office in a hybrid capacity, whilst others have demanded a full return. Some employees have been reluctant to step back into lower-paying roles where they're viewed as dispensable.

The term the 'Great Resignation' was coined by Anthony Klotz, a professor of management at Mays Business School at Texas A&M University, in 2021.

Speaking on a panel discussion, he outlined the four pandemic-related trends he believed led to the event occurring. These are:

  • A backlog of resignations that would've happened earlier if not for COVID
  • Heightened levels of burnout
  • The "pandemic epiphanies" from people who made major shifts in their life during the pandemic
  • People who don't want to be back in an office

The Repercussions

As established earlier, record numbers of people are leaving their roles, prompting publications such as Bloomberg to run articles such as 'How to Quit Your Job in the Great Post-Pandemic Resignation Boom'.

A paper published on the impact on the UK labour market showed the number of people claiming unemployment related benefits fell by 48,000 in the month to February 2022 but remains 510,000 higher than in March 2020

But what other takeaways have there been? Findings from ZDNet showed that:

  • Two-thirds of tech workers are either already seeking new jobs or are open to moving
  • Three-quarters of tech workers who changed jobs last year had two other offers
  • There are already 2.5 million open cyber security jobs across the world: it would take the entire population of a city the size of Chicago to fill them

Could You Be Impacted?

Whilst all sectors will feel the brunt of the staff turnover, findings have shown the tech space is amongst the worst hit. The study went on to find that: "resignation rates were higher among employees who worked in fields that had experienced extreme increases in demand due to the pandemic, likely leading to increased workloads and burnout."

As anyone who works in tech can attest, the shift to remote work increased the strain on internal IT departments. In fact, the tech sector may be one of the few industries to have come through a global pandemic in a better shape than it entered.

But, with job vacancies aplenty and skilled workers appearing to be few and far between, how can you meet the increasing workload and demands with a workforce potentially smaller than you had in 2019?

MSPs: An All-In-One Solution

Filling these vacancies in tech - especially those in cyber security roles - can prove challenging for an organisation. As companies scramble to fill vacancies in potentially vulnerable areas, the world keeps moving.

However, a managed service provider (MSP) could provide a ready-made, one-stop-shop solution. If your workforce is spread thin, or you're unable to get your IT goals aligned with your business plan, you may find yourself asking, 'do I need an MSP?' The answer is likely to be resounding. Yes, you do.

Not only can they become a trusted business partner, but they can offer an opportunity to outsource business-critical functions that could be considered secondary to their core product.

The Final Word

At Fifosys, we've been the trusted MSP for businesses in a wide range of sectors. With over two decades of experience, we've worked to ensure that all our partners know - and feel - the benefits associated with having an MSP.

Not only can you save on IT expenditure, but you can develop your infrastructure to ensure it's viewed as something to be proud of - not just a necessary evil.

Get in touch with our team today for an introduction and hear more about how we can support you.

Recent Post

The Cloud Question


Are IT preconceptions holding the business back?


How secure is the Cloud?


The Six R's of Cloud Migration


Cloud Computing and the Property Sector


Related Posts

  • Business
  • Jan

Fifosys Offer Free Office 365 Training

Office 365 is more than just email. It offers a powerful set of applications to improve both product

Read More
  • Business
  • Jan

How prepared Is Your Business For GDPR?

How prepared Is Your Business For GDPR?

Read More
  • Business
  • Jan

Proud: Innovations in Business

For businesses in the UK, 2020 has been a year unlike any other and the COVID-19 pandemic brought wi

Read More
  • Business
  • Jan

6 Benefits of Leasing Your IT Equipment

Most businesses have a lot of different expenses to contend with, but one of the biggest will usuall

Read More