Posted on 05/25/2010 4:57:57 PM PDT by Caipirabob
As the job market begins to loosen up, human-resource managers might increasingly be surprised by an announcement from employees they haven't heard in a while: "I quit."
In February, the number of employees voluntarily quitting surpassed the number being fired or discharged for the first time since October 2008, according to the Bureau of Labor Statistics. Before February, the BLS had recorded more layoffs than resignations for 15 straight months, the first such streak since the bureau started tracking the data a decade ago. Since the BLS began tracking the data, the average number of people voluntarily leaving their jobs per month has been about 2.7 million. But since October 2008, the average number dropped to as low as 1.72 million. In March, it was about 1.87 million.
(Excerpt) Read more at finance.yahoo.com ...
The number of underemployed is pretty high. This might be true but its still spin.
.
They missed the John Galt motive — but no surprise there.
Wall Street Journal = News Corp = 10% Saudi shareholders = Muslim Brotherhood = CAIR = Global Caliphate.
Or the fact that those who remain with the company have to do the work for those laid off because the company doesn't have enough money to hire the # of people neccessary to do the work. At some point, I could see sheer exhaustion and overwork setting in and people get tired of it.
That was an interesting progression...
If you are employed you have a better chance of getting a job. The longer you are out their unemployed, the more you start looking stale.
Exactly.
True on the John Galt motive. I’ve almost reached that stage myself.
Plus working conditions have definitely deteriorated over the last decade. Many employers have taken advantage of a stagnant job market by not giving annual increases, cutting back benefits, and expecting employees to work longer hours. Once the job market improves, it will be payback time for those companies who callously took advantage of their employees.
Quite true...and pretty much describes the employee sentiment I see in many of the Fortune 100 companies that I work with or am familiar with. For example, “IBM” now stands for “India-Brazil-Mainline China” as that's where all the American-based jobs are going —all at the same time that IBM has it's hand out asking for “stimulus money” from US FedGov....pathetic.
The employees who quit were most likely illegals with “visa” problems.
They forgot to kill this story after the last jobs report.
LLS
I am retiring May 27th. Does that count?
We saw a bunch of resignations in the past month. They are getting better jobs, or at least higher pay for the same work.
A lot of people are moving within the company, too, away from the sweatshop departments.
Totally agree with that statement! & experienced first hand. I never saw a group of people in my previous job take such advantage of their employees. It was shameful.
If one more piece of paper hits my desk I fear it will collapse. We lost 8 people (transfers) have not replaced them and those of us left are drowning.
Congrats!!!!
Wall Street Journal = News Corp = 10% Saudi shareholders = Muslim Brotherhood = CAIR = Global Caliphate = Golden Calf = B’hal = Skull and Bones Society = Harvard = GW Bush = Reagan = California = Berkeley = Summer of Love = Woodstock = LSD = Aldous Huxley = Satan = Santa = Rudolph the Red Nose Reindeer = Rudolph the Red = Ivan the Terrible = Terrible Stock Performance = 1929 = Wall Street = Wall Street Journal.
And the circle is complete.
You left out cattle mutilations of the 70’s.
Otherwise, your usual brilliant analysis.
I am in department that is supposed to have a minimum of 3 for a remote site and 15 for the main. I am the 1 at a remote site and am overwhelmed. They tell me I will get somebody one day. Between paperwork, assessments, material checks, Ebay listings, try to refurb/fix stuff, and manage customers, I get virtually zero done. Thank heavens for anti-depressants.
Inspiring thought!
True on all counts. When your pay is cut, all you can do if you choose to stay is to let the wheels turn more slowly. More than that, I won’t say.
Five people in my department in California resigned just before Thanksgiving, partly due to overwork from prior resignations. The company didn’t replace those folks until after January 2010 but they replaced them in Colorado, not California. Those jobs are gone and they aren’t coming back.
BS. I know people still being laid off from longtime jobs. A nurse, a printer of 25 years.
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