Great Resignation

The Lempert Report
May 19, 2022

Phil: The great resignation is talked about a lot. We also see some of the highest rates of joblessness being in the food service arena. And what we're seeing is that, you know, it's not just about throwing up your hands, but a lot of these lower paying jobs, the people who take them are taking them because the flexible work schedules but they go to another company. And what we're finding is if in fact you want to keep these lower paid positions, you as an employer, you as a supermarket, you as a restaurant have to do more than just pay them a dollar or $2 more per hour. What do they have to do, Sally? 

Sally: Well, Phil, we're looking at a lot of, let's take, for example, single women. Single moms that are out there, they don't wanna go back to these low paying jobs that don't have benefits that don't have where they feel like they're not getting the respect that they deserve. And you know, if they've got children, they've got childcare problems, they've got, they've got a hard time, you know, living off of a minimum wage job. And so what we're seeing is some of these programs that are helping people get higher quality jobs. So you know the young people that want the pay for the flexible weekend money and the college money and the gas money and all of that. Yes, we wanna try and keep them in those, in that certain type of job, but there are some people that want that higher quality job so that they can support their family. 

Phil: Yeah. And also what this study points out is the training is one of the most important aspects to really keeping people in jobs. And you look at certain retailers like Wegmans which has always had one of the lowest turnovers and always focused on training and so on. And frankly, you know, you have a lot of people working at Wegmans who love to be there and it's because there's that mutual respect. That's back and forth.