Here are your top FOX Business Flash headlines for March 11th.
Most American workers who changed jobs during the Great Retirement actually regret leaving, and even feel buyer remorse, according to a new survey.
Seven in 10 workers — about 72% — said they were surprised to find that their new roles or companies were different from what they were led to believe in the interview process, according to a survey of more than 2,500 millennials and Gen Zers. Searchers by The Muse .
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Muse CEO Katherine Minshew called the trend “shift shock”.
“They will join a new company thinking it’s their dream job and then they will reality check,” Minshaw told FOX Business.
Minshew explained that in some cases applicants do not ask the right questions during the interview. In other cases, it’s because the recruiter misrepresented the role or was overly optimistic about the company in an attempt to convince them to join, she explained.
To be fair, she admitted that “it’s hard to gauge the culture of a new company through Zoom.” Prior to the pandemic, candidates were generally able to visit the office, which ultimately allowed them to better appreciate the company’s culture.
Regardless, “it’s really disruptive when people are completely new to our role and they suddenly realize it’s not at all as advertised,” she said.
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As a result, according to Minshew, more people are leaving rather than enduring.
“It used to be that if you got a new job and you didn’t like it, you had to stay for one or two years to avoid a black mark on your resume,” she said. “But we’ve seen this really interesting shift in perception.”
Nearly 80% of millennials and Gen Z workers say it’s okay to leave a new job in six months if it’s not well advertised, according to Minshew.
Office worker in the cab. (iStock/iStock)
About 1 in 5 job seekers even admitted they would quit within a month if it wasn’t as expected, and 41% say they would give two to six months to do so. Just under half of job seekers — 48% — would actually try to get their old job back, according to the data.
Minshew said a wave of short-term employees leaving could spark another “great resignation” that sees millions of Americans leaving their jobs during the COVID-19 pandemic.
To change this model, companies need to act more openly, Minshew said, because it can help retain workers who are not completely satisfied but may be satisfied over time.
“People are much more likely to embrace the good and the bad and appear engaged and productive if they enter a situation with their eyes wide open,” she said.