Is the Heavy Equipment Industry Safe from the Great Resignation?
Herk & Associates - Heavy Equipment Jobs
Herk & Associates is a leading recruiter in the heavy equipment industry.
The phrase “The Great Resignation” has gained traction over the past 6 months to a year and has become a major buzzword among employees and employers alike. If you aren’t familiar with this term, it refers to record-breaking numbers of Americans, an estimated 38 million workers, quitting their jobs in 2021.
Because of our human-first approach to recruiting, we were curious about the happiness of employees in the industries we serve. We wanted to dig into the core of what the Great Resignation is, why it’s happening, and what this means for the Heavy Equipment industry.
What we did:
To gain a better understanding of this phenomenon, we conducted a survey of employees at all levels and across all sub-industries within the Heavy Equipment space. We asked questions aimed at uncovering 1) what career choices Heavy Equipment employees have made since the beginning of the pandemic and 2) the reasons behind those decisions.
What we found:
So… is the Heavy Equipment industry safe from the Great Resignation??The short answer is… No.?
It was clear from our survey results that our industry has been affected. Of the heavy equipment industry employees we surveyed, ONLY 24% of the employees are happy in their current roles and are not looking to make a change. Let’s repeat that… less than ? of Heavy Equipment employees are truly happy in their current job! Meanwhile, 60% of employees either quit their job or are open to quitting and finding another role or company.
If over half of Heavy Equipment employees are either quitting or preparing to quit, this serves as a major wake up call for our industry. People that we know - our colleagues, our employees, possibly ourselves - are reconsidering their careers and the work they do. There are changes and improvements that we as an industry can be making that will better serve the Heavy Equipment industry as a whole.
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What this means for you:
So what steps can we take to begin addressing these unprecedented numbers of resignations? The first is to discover what is at the root of them. Why are employees quitting? What factors help retain employees that are happy? What wins over job seekers when they consider new opportunities?
Over this multi-part article series, we will be sharing more of our findings from this survey and diving into them in more depth. You’ll find out the main reasons why Heavy Equipment employees are quitting their jobs, why they are staying with their jobs, and how important money truly is in job satisfaction. Along the way, we’ll share our insights as recruiting experts and advice that you can apply to your organization.
We hope that this information will help each of you to better navigate the Great Resignation and, ultimately, improve our professional lives and industry as a whole.
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National Service Manager at Liebherr Export AG (LEX/LNL)
2 年Interesting! Life work balance and a solid company with good remuneration package is not easy to turn down. There are many factors and not all can be compared but the basics is still core foundation of happy employment.
Regional Sales Manager, Canada & Western US
2 年My guess as Mitchell has stated, the numbers are higher. My gut tells me the root cause of the great resignation was the Great Recession. People are the greatest asset of any company. What was the first thing companies did in 2008-2009? They got rid of their assets. The remainder took on more and more responsibilities. And this continued. And now people are done. People are not loyal to companies that do not show interest in their assets growing. This is what I and many more have realized. This has caused this movement. Until companies really do what they say for their people, this will be a continuous trend for a while.
Parts Manager James River Equipment Ashland, VA
2 年I would say no way. In fact it could be worse. Techs can walk out of one dealership job into another. You have to treat folks fairly, or someone else will and every dealer needs techs.