40% of people still want to quit their jobs, and

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Finance”,”slug”:”personal-finance”,”term_group”:0,”term_taxonomy_id”:56319,”taxonomy”:”post_tag”,”description”:””,”parent”:0,”count”:417,”filter”:”raw”},{“term_id”:103977,”name”:”quitting”,”slug”:”quitting”,”term_group”:0,”term_taxonomy_id”:117892,”taxonomy”:”post_tag”,”description”:””,”parent”:0,”count”:31,”filter”:”raw”},{“term_id”:144700,”name”:”working from home”,”slug”:”working-from-home”,”term_group”:0,”term_taxonomy_id”:123039,”taxonomy”:”post_tag”,”description”:””,”parent”:0,”count”:30,”filter”:”raw”}]},”children”:[{“name”:”gutenberg-content”,”config”:{},”children”:[{“name”:”html”,”config”:{“content”:”u003cdiv class=”plea-block with-specific-border”>Sign up for the u003cem>u003ca href=”https://mynewsletters.fortune.com/fortune-features”>Fortune Featuresu003c/a>u003c/em> email list so you don’t miss our biggest features, exclusive interviews, and investigations.u003c/div>n u003cp>The wave of people leaving their jobs over the past few years is showing no signs of slowing down, and for many willingly choosing to quit, a massive reinvention of their ideal career is underway. u003c/p> u003cp>The number of employees who are considering quitting their jobs right now is around 40%, a number that hasn’t changed much in recent months. u003c/p> u003cp>A u003ca href=”https://www.microsoft.com/en-us/worklab/work-trend-index/hybrid-work?OCID=AID2101651_SEM_ConnexityCSE&szredirectid=16250758885630100478810070302008005″>surveyu003c/a> by u003ca href=”https://fortune.com/company/microsoft” target=”_blank”>Microsoftu003c/a> in March found that 41% of workers were thinking about leaving their jobs, and u003ca href=”https://www.mckinsey.com/business-functions/people-and-organizational-performance/our-insights/the-great-attrition-is-making-hiring-harder-are-you-searching-the-right-talent-pools”>another surveyu003c/a> last week by u003ca href=”https://fortune.com/company/mckinsey” target=”_blank”>McKinseyu003c/a> put that number at 40%.u003c/p> u003cp>“This isn’t just a passing trend, or a pandemic-related change to the labor market,” Bonnie Dowling, a co-author of the McKinsey report, u003ca href=”https://www.cnbc.com/2022/07/20/40percent-of-us-workers-are-considering-quitting-their-jobs-soon-where-theyre-going.html”>told u003cem>CNBCu003c/em>u003c/a>. “There’s been a fundamental shift in workers’ mentality, and their willingness to prioritize other things in their life beyond whatever job they hold.”u003c/p> u003cp>But while the number of workers who want to leave their jobs has remained remarkably consistent, fewer and fewer are reverting to traditional office jobs, with a growing number seeking nontraditional roles, or even the opportunity to start a new business.u003c/p> u003ch2>u003cstrong>‘The Great Rethink’u003c/strong>u003c/h2> u003cdiv id=”favorites_widget” class=”favorites_widget”>u003c/div>n u003cp>Since 2021, records have been racking up for workers prepared to voluntarily leave their jobs. u003c/p> u003cp>It’s been dubbed the u003ca href=”https://fortune.com/2022/04/11/great-grief-resignation-covid-pandemic-workers-labor-shortage-economy-workplace-mental-health-careers-sherry-walling/”>Great Resignationu003c/a>, and with u003ca href=”https://www.bls.gov/news.release/jolts.nr0.htm”>4.3 million people quitting their jobsu003c/a> in May, the number of resignations is still u003ca href=”https://fortune.com/2021/10/21/the-great-resignation-is-no-joke/”>virtually unchangedu003c/a> from last year.u003c/p> u003cp>At first, resignations were being u003ca href=”https://fortune.com/2022/03/09/great-resignation-seven-months-quit-job/”>fueledu003c/a> by workers desiring higher pay, better benefits, and more fulfilling work. Those same factors are still around right now, but with an added ingredient thrown into the mix: u003ca href=”https://fortune.com/2022/07/14/inflation-refuels-great-resignation/”>inflationu003c/a>. u003c/p> u003cp>With prices in the U.S. running at a u003ca href=”https://fortune.com/2022/07/13/us-inflation-accelerates9-1/”>40-year highu003c/a>, u003ca href=”https://fortune.com/2022/03/10/workers-are-earning-more-but-inflation-impacts-what-they-can-afford/”>snail-paced wage raisesu003c/a>, and a u003ca href=”https://www.bloomberg.com/news/articles/2022-07-06/us-job-openings-dip-slightly-to-11-3-million-remain-near-record”>near-record high number of job openingsu003c/a>, why wouldn’t workers be looking for greener pastures?u003c/p> u003cp>But after years of pandemic-era living, those new pastures are more diverse than ever, and many resigning workers are deciding to take much more adventurous steps.u003c/p> u003cp>As many as 18% of U.S. workers who quit their job are returning to work in nontraditional roles, according to the McKinsey report, including part-time jobs, temporary gigs, or even by starting their own business. u003c/p> u003cp>Many workers who quit their job also do so to shift towards a different industry, according to the report, even if it means departing from a highly lucrative field. u003c/p> u003cp>Of people in the past year who quit jobs in finance and insurance areas, 65% did not return to the workforce or departed for a different job sector, as McKinsey’s Dowling u003ca href=”https://fortune.com/2022/07/18/mckinsey-finds-finance-professionals-quitting-changing-industries/”>toldu003c/a> u003cem>Fortuneu003c/em>’s Sheryl Estrada this week.u003c/p> u003cp>The desire for u003ca href=”https://www.linkedin.com/pulse/great-resignation-rise-flexibility-its-impact-employers-payal-ahuja/”>more flexibilityu003c/a> has been one of main sticking points of the Great Resignation, as the pandemic popularized employee habits like u003ca href=”https://fortune.com/2022/07/18/workers-dont-fear-ignoring-office-mandates-wfh-research/”>remote worku003c/a> and u003ca href=”https://nhglobalpartners.com/asynchronous-work/”>working independent hours outside of a traditional 9-to-5u003c/a>.u003c/p> u003cp>The desire to work nontraditional hours, or to set one’s own hours, is part of how many workers are completely reevaluating their relationship with work.u003c/p> u003cp>“A better description of this phenomenon would be a ‘Great Rethink’ in which we are all rethinking our relationship to work and how it fits into our lives,” Ranjay Gulati, professor of business administration at Harvard University and author of the 2022 book u003ca href=”https://www.harperbusiness.com/book/9780063088917/Deep-Purpose-Ranjay-Gulati/”>u003cem>Deep Purpose: The Heart and Soul of High-Performance Companiesu003c/em>u003c/a>, recently u003ca href=”https://fortune.com/2022/03/08/great-resignation-careers-rethink-labor-shortage-pandemic-work-ranjay-gulati/”>wroteu003c/a> for u003cem>Fortuneu003c/em>.u003c/p> u003cp>But while more people than ever are feeling ready to change industries or work in a more nontraditional setting, the sheer volume quitting means that not everyone who resigns ends up satisfied. u003c/p> u003cp>A recent u003ca href=”https://www.joblist.com/jobs-reports/q2-2022-united-states-job-market-report”>reportu003c/a> by Joblist, analyzing data from June, found that 26% of people who quit their jobs regretted their decision, and 42% of respondents who had returned to the workforce said that their new position had failed to live up to their expectations.u003c/p> 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