In 2021, more than 4 million people left their jobs in September. Also, 4 million people left their jobs in October of 2021. Shockingly, 4.4 million people left their jobs in November 2021 as well. These statistics led to an organizational psychologist coining the term “The Great Resignation“. As a year of difficulty with COVID-19, regulations, and quarantines was closing, people and businesses were left wondering, “what’s next?“.
The Fallout
Undoubtedly, the COVID-19 pandemic has been a transformative experience for everyone across the globe. We didn’t know how it would impact our lives. We couldn’t accurately predict how we would feel at the end of it. At this time, we can’t even say if there is an absolute end to COVID-19’s impact on our lives. Also, significant political and social unrest has occurred during this lengthy, challenging time. For some COVID-19 sufferers, the health impact was prolonged. The heightened state of stress during COVID-19 impacted many veterans and others with PTSD had symptoms that tripled in severity in one study. These are only some of the intrapersonal challenges people are experiencing. Social challenges are also present, such as childcare, schooling, and access to resources. Transformative experiences change the way we make decisions and problem solve.
Business Strategy in the Great Resignation
Before The Great Resignation, some businesses were already facing challenges due to COVID-19 shortages, shutdowns, regulatory changes, supply chain delays, and staffing issues. Record numbers of people leaving their jobs for months in a row added another obstacle in meeting product and service demands. News articles tried re-framing the Great Resignation with a problem-solving outlook. For instance, NPR suggested The Great Renegotiation as a better name for this mass exodus from jobs due to people quitting to find better jobs for better pay. The renegotiation framework was fueled by the highest number of people leaving their positions in the hospitality industry, emphasizing low-wage workers. However, HBR countered with numbers that most people exiting their jobs were ages 30-45, mid-career employees in high demand industries where increased workloads and burnouts could be the problem. The New York Times pointed out that CEOs in C-corp companies were also leaving their jobs to spend time with family. Overall, these examples show that COVID-19 impacted employee retention in businesses with high and low profits in 2021, which was not limited to the wage or status of the employee.
You have options
For Businesses
If you have lost workers or have increased demand, you will benefit from streamlining your processes. In the medical device and pharmaceutical industries, it often feels challenging to change a process that is already working and validated. However, the FDA’s shift to risk-based approaches to testing, validation, and verification provides an opportunity to implement changes faster for more efficient work sooner. See our blog series on Quality Risk Management for more about risk-based approaches to Commissioning, Qualification, and Validation. For automated processes and computer software validation, read our white paper on computerized systems assurance for a risk-based methodology to upgrading your systems.
Since you may have a limited workforce, hiring personnel to implement the streamlining changes might be challenging. Hiring a full-time employee with benefits doesn’t make sense if you only have one project for them or don’t know whether your business will support another person for long. To maximize your care for your employees, outsource by hiring a consultant who receives training, full-time benefits, flexibility, and supervision from their consulting firm. PSC Biotech® is an industry leader in specialty life science consulting. PSC Biotech® trains, manages, offers excellent benefits and flexibility for their consultants. Furthermore, PSC Biotech® has been consulting for the pharmaceutical and medical device industries for over 25 years. By contracting our professional services, your business supports well-trained, hardworking professionals who efficiently meet your business needs without over-burdening your already stretched resources.
Peruse our service offerings or contact our sales team today!
For Professionals
Do you want to improve your quality of life? Or perhaps you are just out of school or seeking a better fit job. PSC Biotech® is routinely hiring. Since we constantly acquire and propose new contracts with businesses, we find and fill new positions quickly. PSC Biotech® has an internal training program and an open-door policy to talk to other consultants within the company. Therefore, whether you’re new or experienced, PSC Biotech® has opportunities. Since we serve over 35 countries, we have many locations to work in person and some remote options as well. Offering a full suite of benefits, PSC Biotech® is firmly focused on diligently investing in our employees who enable our company to fulfill our mission and achieve success. We want to promote balance to enjoy your work and have the time and resources to live a happy and healthy life! We offer medical, vision, dental, supplemental insurance options. Additional benefits include pet insurance discounts, education assistance, gym discount rate, and 401K options. Plus, we give generous PTO!
Find out more today! We also have openings for those currently in the EU.
