The Great Resignation

Modern Gen X Woman

In April 2020, the United States lost 20.5 million jobs, the highest monthly job loss on record. Fast forward this crazy year and in April, 2021 4 million people resigned from their jobs, which is the biggest spike on record.

What does this mean for Gen X women? Are we opening the door for a bigger gap in opportunities and pay for women? OR is it the opportunity we’ve been waiting for?

In this week’s episode we talk about it all.

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Things we cover in this episode:

• Out of 1,000 US adults polled in a Morning Consult survey in May, 39% said they’d consider quitting if their bosses weren’t flexible about them working from home. For Millennials and Gen Z (adults born after 1980), it was 49%.
  
• Driving this point home more is that in another poll by Bankrate’s August 2021 Job Seeker Survey 77% of Gen Z and 63% of Millennials said they planned to look for a new job in the next year -- this is compared to 45% of Gen Xers.

• Companies are going to struggle to find talent and retain it -- Gen X known for loyalty and want stability -- according to a 2018 CNBC article Gen X leaders are expected to take on heavy workloads and that they remain loyal employees. Only 37% think about leaving to advance their careers, this is 5 percentage points lower than millennials.

• Women have a hard enough time defining their skills and true value to corporations when we’ve moved from job to job. What happens when there's a gap? If we decide to go back to corporate America will it shift the power to the hiring organization, lowering our pay and our title?

• Will we be able to get back in or make the corporate headway we need if there are fewer of us in there? Are we giving organizations the excuse to create an even greater gender wage gap? So many questions to ponder.
  
• It’s important to brand yourself, build your confidence and be ready for opportunities

Featured on the Show:

Generation X Not Millennials Is Changing the Nature of Work

Episode 21: LinkedIn, Resumes and Upping Your Game.

Episode 39: The chicken and egg of confidence

Episode 68: 7 Habits for Career Acceleration

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