According to the U.S. Bureau of Labor Statistics, over 47 million workers in the country quit their jobs in 2021 in what we now refer to as the Great Resignation. The number one reason for the mass walkout was not poor pay or benefits, it was a toxic work culture. In other words: People aren’t running to better pay or benefits, they’re running from feeling overworked, undermined, and unappreciated. A toxic work culture is by far the strongest predictor of industry-adjusted attrition and is 10.4 times more important than compensation in predicting turnover. So what did companies learn from this? Aside from the lip service provided by many companies after the great resignation, statistics show that we really didn't learn much. In 2023 the top reason for people leaving their jobs is still poor work culture.
In this series on toxic work culture, we will discuss some of the reasons for poor culture and some ways to correct the problems.
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