Americans quit their jobs and women lead the way

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The pandemic has inspired many people to make changes. For some, this meant consolidating their finances and building up savings. For others, it meant buying a house, selling a house, or moving to a whole new part of the country.

And then there are the millions of people who have been inspired to quit their jobs. Despite rampant unemployment, 4.3 million people quit their jobs in August, followed by a record 4.4 million quits in September. And payroll service provider Gusto reports that women were more likely to quit their jobs than men since the start of the pandemic.

Why women are quitting their jobs en masse

It’s no secret that women are generally paid less than men for comparable work. One of the main reasons women quit today is the frustration over the gender pay gap. Those who feel they are not being paid adequately may be anxious to leave and pursue more lucrative career opportunities rather than content with their current job.

But some women may quit their jobs not out of choice, but out of desperation. Today, many families struggle to find affordable child care. And in the absence of this, some families may make the decision to keep a parent at home rather than losing most of their income on child care expenses. Since women tend to earn less money than men, it stands to reason that they would be the ones who would drop out of the workforce.

Should you quit your job?

Whether you identify yourself as male or female, you may have reached the point where you are anxious to quit your job and find a new one. Or, you may decide that it’s a good idea to take a break from your career and focus on raising a family, especially if child care expenses have taken a big bite out of your paycheck.

There is nothing wrong with looking for new job opportunities if you are unhappy with your current role. But before you quit your job and leave the workforce for a while, ask yourself if you can really afford to do this. While you may not be able to bring a lot of money home after factoring in expenses such as childcare, if your family depends on your income to stay afloat then giving up your income could put your household at risk. at a risk of debt.

Also, consider other perks that you might have to give up. If your employer offers subsidized health insurance, purchasing a replacement plan could prove to be quite expensive, even with subsidies in place.

If you are leaving your job to find a new one, be sure to research salary data for that position in advance. If you know what you should be paid for, you will be in a better position to negotiate.

At the same time, don’t be afraid to talk about salary early enough in the process. In the past, raising your salary early was considered taboo. But in today’s job market, many companies are desperate to hire. So you can make sure that you and a potential employer are on the same wavelength when it comes to salaries before embarking on the interview process.

The fact that women left their jobs at a faster rate than men during the pandemic is not necessarily surprising. The good news is that there are plenty of opportunities to find better jobs in today’s economy. But it remains to be seen whether the employees will eventually sue them in the months to come.

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