Here’s some advice from Dr. D, Your Career Doctor.
If you were part of the Great Resignation and now find yourself second-guessing that decision, you’re not alone.
What started as a massive shift in the workforce during 2021, with millions of people quitting their jobs in search of better opportunities, has now led to a phenomenon some are calling the Great Regret. People who left their positions expecting to find better roles are now realizing that the job market isn’t as welcoming as it once seemed. Let’s talk about why this happened and what lessons can be learned for job seekers today.
The Great Resignation was fueled by an unprecedented job market. Employers were offering higher salaries, remote work options, and better benefits to attract talent. Many professionals took advantage of this by jumping ship, hoping to land roles that better aligned with their career goals and lifestyles. However, as the market cooled, the dynamics quickly changed. Suddenly, the opportunities that seemed plentiful disappeared, and now, many who resigned are finding it harder to secure new roles. Some are even regretting the decision to leave the stability of their previous jobs.
This shift in the job market has led to the phenomenon known as the Great Regret. The grass isn’t always greener on the other side, and for many, the allure of higher pay or remote work turned out to be short-lived. With companies tightening their belts and scaling back on hiring, professionals are realizing that they may have left behind more than just a paycheck—they left behind job security. It’s a tough lesson for those who made the leap during the height of the hiring frenzy, but it’s an important reminder of the risks involved in making impulsive career decisions.
So, what does this mean for job seekers today? The key takeaway is to be cautious and strategic. If you’re currently employed, don’t be too quick to leave your role unless you have a solid plan and a clear understanding of the job market.
The days of easily landing a higher-paying job or a remote position are fading, and competition for roles is fierce. It’s essential to act like the CEO of your career, making calculated moves instead of reacting to trends or short-term frustrations. Before making a decision to resign, ask yourself: Am I moving toward a long-term opportunity, or am I chasing a trend that may not last?
To avoid falling into the same trap as those experiencing the Great Regret, focus on building a strong foundation in your current role. Work on developing new skills, expanding your network, and keeping your resume up to date. This way, if the right opportunity does arise, you’ll be prepared to make a move with confidence. And if the market shifts again, you’ll be in a better position to navigate those changes.
Here’s some final advice from Dr. D, Your Career Doctor.
Don’t let the trends of the job market dictate your career moves. Instead, focus on long-term strategy, stability, and growth. By being patient and thoughtful, you can avoid the Great Regret and make career decisions that truly benefit you in the long run.