Original Content: Business Upside
The Great Resignation has been a phenomenon in 2021. After the pandemic, millions of workers leave their jobs to fill vacancies. In September 2021, the quit rate was at its peak at 3%, but experts believe that the trend began before the pandemic. As a Mckinsey & Company report terms, employees are grieving and tired, among the reasons behind the Great Attrition, as Mckinsey & Company report terms it. They are craving for investment in human aspects of work. According to the report, they are looking for a renewed sense of purpose in their work. They want interpersonal and social connections with their managers and colleagues, and they are looking for a sense of shared identity. The urge to gain the recognition of employers overrules the attractions of higher pay and perks. Choosing tech startups to restart careers has been the latest trend in the job market.
Despite the risks that startups face in surviving as three out of four startups fail, according to the Wall Street Journal, there are reasons for technical professionals switching over to startups. Those who thrive in the sink or swim mentality and are ready to handle heavy workloads while learning a lot for career enrichment would find their tryst with tech startups entirely meaningful and encouraging.
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