Professor who predicted the 'great resignation' says quits will plateau in 2023—here's why (via CNBCMakeIt)
"If you're getting what you want from your current job, there's less incentive to quit," Klotz explains. "We can't discount the fact that millions of jobs are better now than they were three years ago, thanks, in large part, to the policy changes companies have made.
If all companies are doing the same ahead of a downturn, switching roles won't necessarily guarantee better job security. A recession would "no doubt" reduce the number of resignations we're seeing in the U.S., Klotz adds. That's because in most cases, when people quit, "it's because they have another job lined up," he explains. "But as more companies reduce hiring, job seekers will have fewer options, and quitting becomes harder to do."
Still, Klotz stresses that the power hasn't completely shifted from employees to employers just yet, noting that health care, retail, transportation and other industries are still feeling the acute effects of the "great resignation and continuing to hire to combat
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