McKinsey's The brave new (business) world covers research that found that the Great Resignation is leading to a lot of new businesses. Key quote:
"Our research into the Great Attrition found that 31 percent of employees who left their job in the past six months did so to start a new business. Additionally, parents and minority women were comparatively more likely to leave to start a new business or to join the gig economy."
The article points out that their finding is supported by the surge in new business tax I.D. applications, something we've covered quite a bit.
McKinsey suggests three ways companies can potentially engage and retain employees who are thinking of turning to entrepreneurship:
- Value workers and ensure they feel a sense of belonging.
- Empower employees with greater levels of autonomy and flexibility
- Encourage setting work-life boundaries
Regular readers know work flexibility, autonomy and control are key reasons people choose and are happy with self-employment. The self-employed also often point out they weren't valued by their prior employer.
So this is a pretty good list.
See the article for more details.
