Great Resignation Is Over
Many business owners are likely familiar with the Great Resignation, a period of time throughout 2021 and 2022 where nearly 85 million workers quit their jobs amid frustration with their work and the economy. Good news: the rate of quitting has gone down significantly from the pandemic, and it now sits at just about the same level as before the pandemic. This is due to the substantial interest rate hike and inflation, which enables workers to settle where they are currently employed. With this decline in resignations, employers are now able to secure more resources from the market. Hiring is becoming less of an issue in the last 6 months. If you are a business owner looking to expand your business operation, this may be a good time to revisit your business plan or goals for 2023. If you need help in planning and forecasting, we are here to help. Please reach out to us at 832-295-3353. We are ready to help you.