(WWJ) There's an epidemic of "quitters remorse" sweeping the nation.
In the latest edition of The Feldman Report, WWJ Business Editor Murray Feldman says surveys show one out of four U.S. workers regrets quitting their jobs during the so-called Great Resignation. And a third of those people, he said, are reportedly going back to their old companies, getting a better-paying job at a higher level.
Feldman says that's helpful to employers, as it cuts down on the time and cost of training someone who's new to the company and needs help to find their way around.
One study, he said, found that many workers who return to their own company are making 25% more than when they left. "Just another reason if you're going to walk out the door, leave on good terms," Feldman added.
So, what did people change their minds? A survey by the employee experience platform Limeade showed burnout was one of the top reasons workers left jobs during the pandemic — which could explain why people who got a break from the grind would consider going back.
Anthony Klotz, a professor of management at Texas A&M who coined the term “The Great Resignation” (regarding people quitting jobs amid the COVID-19 pandemic) said with the current tight labor market, he recommends that employers embrace their ex-employees.
“Selecting employees is really, really hard to do,” Klotz told Business Insider. “And nobody's that good at it, because I can't see whether you're going to be a good worker or not. With boomerang employees, I've seen you work, so the risk of the selection process goes way down.”
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