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When the economy and job market began storming back, we were inundated with inbound requests for our services. Our perseverance seemed to be paying off. Except

When the economy and job market began storming back, we were inundated with inbound requests for our services. Our perseverance seemed to be paying off. Except now we were hit with a new gut punch: “The Great Resignation.” Now our workers were reticent to come back to work. And if they did accept a job, they’d often leave after only a few days. As in the workers you placed, employees of 70MR? Why would they leave after a few days? Can you expand on this? It became obvious that we lacked the resources to weather this new storm while hoping and praying the world would normalize soon. (It still hasn’t.) What does normalize mean to you (or 70MR)?

ukyrgf 4y ago
I manage IT for an office and one of our hires said they got covid, took a month to join, and then when she showed up her manager decided to move her desk. I think maybe I got the desktop and a monitor moved before I was told to stop because she just quit. I can think of maybe 3 people in my office that have stayed for over a year, none on bad terms, just hopping jobs.
- deleted 4y ago
  [deleted]
- yakak 4y ago
  This seems like it relates a lot to the bizarre structure of hiring and salaries. You need to get any job and then any other employer will offer you a ~20% better one but no one will match inflation the next year let alone give you what they would offer if you worked somewhere else.
  - sarchertech 4y ago
    I was really impressed with my employer this review period. I got a 17% raise. Other people I talked to got similar raises.
braingenious 4y ago
I would also like more information about this phenomenon. What’s the scale of this? For example, how many people accepted a job and then quit within a few days? How did it impact these people’s lives? For example, did this result in increased recidivism? If so, at what scale?
- netsharc 4y ago
  The Great Resignation is curious, if I could speculate maybe it was the pandemic bailout and markets bubble (crypto too) making people think "I've got money now!". Now that everything is tumbling down, I wonder if people will start returning to work. Except now most businesses have seemingly stopped hiring yet again (even retail/hospitality?), so I guess whichever way it goes, OP is in trouble.
  - xienze 4y ago
    > The Great Resignation is curious, if I could speculate maybe it was the pandemic bailout and markets bubble (crypto too) making people think "I've got money now!" I dunno if it’s even about money. The pandemic and the way it was handled REALLY messed with a lot of people’s heads. I’d say a not insignificant number of people had what amounts to a religious awakening of sorts. I’ve seen it myself, several people just deciding to make drastic life changes out of the blue.
  - hooande 4y ago
    how large was the "pandemic bailout"? it looked like two checks from the govt and < 1 year of increased (doubled?) unemployment. seems like a total of $8,000 or less for most people, with a wide variance from person to person. Was this enough to make a large number of people stop working, even now into mid-2022? I really feel like the impact of several thousand dollars would be gone after a year, at most. yet many businesses near me are still under staffed and having trouble hiring.
    - dangrossman 4y ago
      I don't know how it relates, but I feel compelled to mention the PPP loan program as the largest part of the "pandemic bailout". It was $400 billion dollars in loans given out and forgiven with no repayment, to individual business owners and self-employed persons just as much as corporations. The average "loan" was just under $100K.
irrational 4y ago
Back to the way it was pre-pandemic. I work for a Fortune 100 company with great pay and fantastic benefits (I am on a 6 week paid sabbatical right now). But whereas before people would stay with the company for 5-10 years, now they are leaving in droves (not because anything bad is happening at the company, we are doing great) and nobody is sticking around.
- jeromegv 4y ago
  Yes.. but we are talking of people leaving after a few days, this is not the great resignation here.
  - lancesells 4y ago
    Looking at some of the jobs on 70m I see listings for dishwashers, line cooks, etc. I had these jobs in my youth and saw plenty of people leaving in days or weeks. Post-pandemic I can definitely see people leaving these jobs quickly for a whole host of reasons.
- cinntaile 4y ago
  > I am on a 6 week paid sabbatical right now Here in Europe we call that vacation.
  - irrational 4y ago
    Well, I have enough vacation saved up that I could take 2 and a half months of vacation. That, plus my sabbatical, plus the 10 days of holidays we are given a year, plus the week off we get each summer means I could take nearly 5 months of vacation. On top of that, we get every Friday off as a paid day between Memorial Day and Labor Day (June-August).
    - cinntaile 4y ago
      > On top of that, we get every Friday off as a paid day between Memorial Day and Labor Day (June-August). That's pretty neat and not common here.
somethingAlex 4y ago
Going to third the "need more information on this." Are they job hopping, in which case wouldn't that also be a revenue stream for 70MR? Did they find that it was such a sellers' market that they didn't need 70MR's services to get good jobs anymore? I never really understood this "shortage of workers / great resignation" phenomenon to begin with, so perhaps this specific situation would be a good one to use as a concrete example.
- iamthirsty 4y ago
  I would imagine the recruiting company that provides the placement only gets paid after the employee has been with the company for a certain period of time. The same way companies offer a bonus to current employees if they recommend some for hire and they maintained their employment for 90 days or so.
  - joenathanone 4y ago
    From their website, employers pay $135-$145 per 1 month ad. Which is very reasonable, I current pay Indeed over $3k a month for 1 job listing (based on a daily sponsor rate). But if the applicant pool is bad with the majority quitting then I could see employers leaving the platform. https://www.70millionjobs.com/page/pricing https://www.70millionjobs.com/page/pricing
    - SyzygistSix 4y ago
      Or if the employer pool is bad and workers leave as soon as they find better options.

ukyrgf 4y ago

I manage IT for an office and one of our hires said they got covid, took a month to join, and then when she showed up her manager decided to move her desk. I think maybe I got the desktop and a monitor moved before I was told to stop because she just quit. I can think of maybe 3 people in my office that have stayed for over a year, none on bad terms, just hopping jobs.

deleted 4y ago
[deleted]
yakak 4y ago
This seems like it relates a lot to the bizarre structure of hiring and salaries. You need to get any job and then any other employer will offer you a ~20% better one but no one will match inflation the next year let alone give you what they would offer if you worked somewhere else.
- sarchertech 4y ago
  I was really impressed with my employer this review period. I got a 17% raise. Other people I talked to got similar raises.

braingenious 4y ago

I would also like more information about this phenomenon. What’s the scale of this? For example, how many people accepted a job and then quit within a few days? How did it impact these people’s lives? For example, did this result in increased recidivism? If so, at what scale?

netsharc 4y ago
The Great Resignation is curious, if I could speculate maybe it was the pandemic bailout and markets bubble (crypto too) making people think "I've got money now!". Now that everything is tumbling down, I wonder if people will start returning to work. Except now most businesses have seemingly stopped hiring yet again (even retail/hospitality?), so I guess whichever way it goes, OP is in trouble.
- xienze 4y ago
  > The Great Resignation is curious, if I could speculate maybe it was the pandemic bailout and markets bubble (crypto too) making people think "I've got money now!" I dunno if it’s even about money. The pandemic and the way it was handled REALLY messed with a lot of people’s heads. I’d say a not insignificant number of people had what amounts to a religious awakening of sorts. I’ve seen it myself, several people just deciding to make drastic life changes out of the blue.
- hooande 4y ago
  how large was the "pandemic bailout"? it looked like two checks from the govt and < 1 year of increased (doubled?) unemployment. seems like a total of $8,000 or less for most people, with a wide variance from person to person. Was this enough to make a large number of people stop working, even now into mid-2022? I really feel like the impact of several thousand dollars would be gone after a year, at most. yet many businesses near me are still under staffed and having trouble hiring.
  - dangrossman 4y ago
    I don't know how it relates, but I feel compelled to mention the PPP loan program as the largest part of the "pandemic bailout". It was $400 billion dollars in loans given out and forgiven with no repayment, to individual business owners and self-employed persons just as much as corporations. The average "loan" was just under $100K.

irrational 4y ago

Back to the way it was pre-pandemic. I work for a Fortune 100 company with great pay and fantastic benefits (I am on a 6 week paid sabbatical right now). But whereas before people would stay with the company for 5-10 years, now they are leaving in droves (not because anything bad is happening at the company, we are doing great) and nobody is sticking around.

jeromegv 4y ago
Yes.. but we are talking of people leaving after a few days, this is not the great resignation here.
- lancesells 4y ago
  Looking at some of the jobs on 70m I see listings for dishwashers, line cooks, etc. I had these jobs in my youth and saw plenty of people leaving in days or weeks. Post-pandemic I can definitely see people leaving these jobs quickly for a whole host of reasons.
cinntaile 4y ago
> I am on a 6 week paid sabbatical right now Here in Europe we call that vacation.
- irrational 4y ago
  Well, I have enough vacation saved up that I could take 2 and a half months of vacation. That, plus my sabbatical, plus the 10 days of holidays we are given a year, plus the week off we get each summer means I could take nearly 5 months of vacation. On top of that, we get every Friday off as a paid day between Memorial Day and Labor Day (June-August).
  - cinntaile 4y ago
    > On top of that, we get every Friday off as a paid day between Memorial Day and Labor Day (June-August). That's pretty neat and not common here.

somethingAlex 4y ago

Going to third the "need more information on this." Are they job hopping, in which case wouldn't that also be a revenue stream for 70MR? Did they find that it was such a sellers' market that they didn't need 70MR's services to get good jobs anymore? I never really understood this "shortage of workers / great resignation" phenomenon to begin with, so perhaps this specific situation would be a good one to use as a concrete example.

iamthirsty 4y ago
I would imagine the recruiting company that provides the placement only gets paid after the employee has been with the company for a certain period of time. The same way companies offer a bonus to current employees if they recommend some for hire and they maintained their employment for 90 days or so.
- joenathanone 4y ago
  From their website, employers pay $135-$145 per 1 month ad. Which is very reasonable, I current pay Indeed over $3k a month for 1 job listing (based on a daily sponsor rate). But if the applicant pool is bad with the majority quitting then I could see employers leaving the platform. https://www.70millionjobs.com/page/pricing https://www.70millionjobs.com/page/pricing
  - SyzygistSix 4y ago
    Or if the employer pool is bad and workers leave as soon as they find better options.