In 2022 more the 4 million people left their jobs each month in the U.S. This ongoing mass exodus was coined “The Great Resignation” in 2021 by Anthony Klotz, an associate professor of management at University College of London. The Great Resignation was brought on by the COVID-19 pandemic and the way it changed how people think about how, when, where and why they go to work. Klotz recently told CNBC Make It that he expects quitting and company turnover to slow down in 2023 — hopefully good news for businesses nationwide struggling to staff their companies.
While surely impacted by The Great Resignation, the PHCP-PVF industry, was no stranger to labor shortages; we’ve been dealing with that for a couple of decades. A recent LinkedIn video posted by Bill Condron, CEO of New Hampshire-based distributor The Granite Group made some great points about dealing with quitting and turnover.