Workplace ‘Turnover Tsunami’ is Brewing as COVID-19 Subsides

Work conditions during the COVID-19 pandemic have created the perfect storm for a ‘turnover tsunami,’ a Hub International speaker suggested during a webinar last week.

More than 53% of Canadians have received their first dose of vaccine to protect against COVID-19, meaning a return to the office later this year is now on the horizon.

But many employees may be looking for work elsewhere as the pandemic subsides, Andrea Goodkin, executive vice president, human resources consulting at Hub International, warned during Hub’s Resilient Summit.

‘We are anticipating that most businesses are going to be facing what we’ll fondly refer to as a ‘turnover tsunami,’’ Goodkin said during the session, Managing the Seismic Shifts in Today’s Workplace. ‘Yes, there is pent-up turnover in the workplace.’

What are the root causes of this forecasted turnover wave?