A “talent tsunami” is coming, post-pandemic.

Depending on the specific research study (and its wording), between 26% and 52% of employees say they are likely to switch employers, either once the threat of the pandemic has eased, or this year.Millennials, the largest workforce cohort are the most likely to leave, as are parents with children engaged in remote learning.

If there’s one thing that keeps me up at night, it's the talent flight risk”

Rob Falzon, Prudential Vice Chair Rob Falzon

14%

of caregivers in a March 2021 BCG survey said they did not see themselves working for their current employer six months from today, nearly double the percentage of non-caregivers who said so.

Company leaders are still knee-deep dealing with the pandemic, but they have to look ahead to fend off a talent tsunami.”

Melissa Jezior, president and chief executive officer of Eagle Hill Consulting

Sources: https://www.achievers.com/resources/white-papers/workforce-institute-2021-engagement-and-retention-report/
https://www.inc.com/marcel-schwantes/report-employees-plan-leave-jobs-leadership-strategies.html

How do you feel about your current role/employer?

Engaged and not looking for other opportunities
Engaged but still keeping an open mind to new opportunities
Not engaged and currently looking for a new role
Comfortable in my role but not satisfied with the company

There has been a significant rise in employee disengagement during the pandemic.

Only 21% of talent is very engaged.

The Achievers Workforce Institute study found the percentage of talent describing themselves as disengaged or completely disengaged increased from 14% in 2020 to 24% in 2021 — a change of 10 percentage points or 71%. The institute dubbed this “a disengaged nation”.

Key Findings: Achievers Workforce Institute Engagement & Retention Survey; U.S. and Canada, with respondents split 50/50 (February 2021)

How engaged are you in your current job?

	2020		2021
Very engaged and plan to stay at my company for a long time	19%	⬆	21%	A sense of belonging is a strong indicator of engagement. 92% of those who are very engaged reported a strong or very strong sense of belonging.
Engaged, but feel my company could do more to improve employee experience	35%	⬇	24%
Average engagement but open to new opportunities	32%	⬇	31%	Nearly half of employees (46%) feel less connected to their company or colleagues since the start of the pandemic, compared to just 38% who say they feel more connected since the start of the pandemic. Additionally, 42% say company culture has diminished since the start of the pandemic, with lack of communication (26%) or lack of effort to make remote employees feel connected (25%) being key contributing factors.
Disengaged, but not looking for new opportunities*	6%	⬆	9%
Completely disengaged, and actively looking for new opportunities*	6%	⬆	15%

Note: 2020 disengaged %s do not add up to 14% due to rounding, and other factors. All numbers are as reported by Achievers Workforce Institute.
Sources: https://www.achievers.com/resources/white-papers/workforce-institute-2021-engagement-and-retention-report/
https://www.inc.com/marcel-schwantes/report-employees-plan-leave-jobs-leadership-strategies.html