Mike Morini, CEO at WorkForce Software, talks with International Business Times about the recent JOLTS report. Morini indicates the job market is remaining above pre-pandemic levels and the labour market remains tight, pointing out that employees are still able to quit their jobs in search of something better— with more than 85% of job changes being initiated voluntarily by employees. He also cautions employers that with these continued labour shortages, especially in select industries, employers who can attract and retain employees have a distinct competitive advantage over those unable to fill positions from the supply of available workers.
Morini sees the report demonstrating strong confidence and ability for employees to leave their current jobs. “More than 85% of job changes — 4 million quits versus 1.6 million layoffs or discharges — being initiated voluntarily by employees, ” he added. “With continued labour shortages, especially in select industries, employers who can attract and retain employees have a distinct competitive advantage over those unable to fill positions from the supply of available workers.”