The American State with the most job resignations is coincidentally the same place as the nation’s Fortune 500 capital.
Fortune 500 is an annual list of companies put together by the Fortune Magazine. The list ranks businesses by total revenue during their fiscal year and being included on it has become a badge of honor. Companies that often appear include Walmart, Amazon, Ford, Apple, and The Home Depot.
The US state with the most resignations is also one of the smallest
In a recent study conducted by WalletHub, experts pulled together data to rank the 50 states and the District of Columbia on how frequently people were leaving their places of employment.
The state with the highest resignation rate was the nation’s second smallest state, Delaware. Interestingly, Delaware also hosts the over 60% of the nation’s Fortune 500 companies.
″[Delaware] has a lot of appeal for basically three main reasons: convenience, flexibility, and predictability,” LegalZoom lawyer Roey Gilberg told CNBC.
Despite high job satisfaction rates, high staff turnover within the 500 is nothing especially new as both Google and Amazon have an average stay of just one year.
How did the other States rank?
Following Delaware, the rest of the top 10 were Alaska, South Carolina, Montana, Wyoming, West Virginia, Kentucky, Utah, Mississippi, and Idaho.
On the other end of the scale was Massachusetts with the lowest resignation rate. The state was followed by New York, Michigan, California, New Jersey, Minnesota, Illinois, Hawaii, the District of Columbia, and Missouri.
On why certain US states have such high levels of resignation, Professor of Economics Victoria Prowse pondered on increased competition and a workforce more in touch with their own needs. Working from home also undoubtedly plays a part.
“The Great Resignation can partially be attributed to the significant decline in labor force participation during the pandemic,” she said. “This led to increased competition among employers for a reduced workforce, giving employees leverage to secure jobs with better compensation or other advantages over their current roles.”
Similarly, Matt Fuss from Geneva College added: “Younger people today must feel an emotional connection to their work and have been programmed to believe that every job must have a specific measurable effect on making the world a better place.
“The idea that labor and the trades are less-than jobs is also a significant factor in the massive labor shortage. The current workforce has lost an appreciation for the dignity of the work itself.”
