How to Get More Out of the Great Resignation

One of the primary reasons behind the Great Resignation was low wages, with many workers quitting simply because they were underpaid and often overworked. To ascertain how many workers have become focused on getting paid more, how they plan to achieve that, and how raises and ways of obtaining them differ among certain demographics, we conducted a survey of 1,003 employees throughout the U.S.

Read on to learn how our respondents felt about being underpaid in today’s work landscape.

In the first part of our study, we asked respondents about their feelings on being underpaid in the current landscape, and why they feel they’re not making enough.

Perhaps the most telling aspect of this part of the study was that 60% of respondents said they’re underpaid; with the difference between feeling underpaid and properly compensated being $10,763, on average. There were, naturally, many different reasons that employees felt they were underpaid, ranging from their job title not reflecting the nature of their role (39%) to, simply, greed (36%).

In the next part of our study, we asked respondents about getting a raise: How many they’ve asked for, how those raises impacted them financially, and how much more people could make in a different job or industry.

The Benefits of Needing More

To get a sense of what our respondents felt would make a job offer more appealing aside from salary, we asked about the specific things they wanted to see from companies, as well as how important these benefits were to them when looking for a job.

The vast majority (71%) of respondents agreed that benefits were very important when looking for a job. That said, 55% also felt that company culture was an important thing to be aware of in a job search. Overall, it seems that more PTO was the highest priority benefit (57%) that respondents said would make a job more appealing, though only 24% said they’ve actually negotiated for more PTO.

Fifty-six percent of employees in our study said that flexible scheduling was an appealing benefit, and 23% said they’ve actually negotiated for such a benefit. With the Great Resignation emphasizing the detriments of being overworked and underpaid, having a more flexible schedule is a logical priority among workers these days, as is the ability to work from home. In fact, 55% of respondents said that working from home was an appealing benefit when job searching.

We collected 1,003 responses of employed people in the United States. 53% of our participants identified as men, 46% identified as women, and roughly 1% identified as nonbinary or nonconforming. Participants ranged in age from 19 to 89 years old. Those who reported no current employment or who failed an attention-check question were disqualified.

The data we are presenting relies on self-report. There are many issues with self-reported data, including but not limited to, the following: selective memory, telescoping, attribution, and exaggeration.

If you are looking to earn more annually or know someone who is, you’re welcome to share these findings. We just ask that you link back to our study and that your purposes are noncommercial.

How to Get More Out of the Great Resignation is a post from: I Will Teach You To Be Rich.

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