Two women brainstorming at a whiteboard, representing people pursuing entrepreneurship during The Great Resignation
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Inside The Office News Briefs

The Great Resignation is Spurring More People to Entrepreneurship

The Great Resignation era of workers are returning to the workforce—but not as originally imagined. Carolyn Thompson, CEO of talent acquisition and consulting services company Merito Group states, “With new priorities and values, Americans are searching for a new job or a new career, which also means becoming an entrepreneur.”

Covid-preneurs and The Great Resignation

Employers, especially those in strained industries such as transportation and finance, are fighting to keep current employees. Companies are competing to grab candidates within the same industry who may have quit another company. “Companies are shifting their policies to better accommodate hybrid or remote work schedules, as well as bonuses to retain current employees and to hire new ones,” Thompson states.

The latest report from the Census Bureau’s Business Formation Statistics shows that nearly 1.4 million applications have been filed to form new businesses likely to hire employees. Since 2018, new business applications filed per week averaged 67,000. Since June 2021, that number has skyrocketed to 100,000 new business applications per week. Thompson, an entrepreneur herself, says “Entrepreneurship has always been part of the American spirit. But with so much uncertainty in the past few years, these Covid-preneurs want more control over their future.”

About Merito Group

A US-based, certified woman-owned company, Merito Group is a talent acquisition consulting firm providing excellence in outsourced solutions. The team of experienced Executive Recruiters has thousands of successful placements under their belt. They take the time to get to know you, your company, division or department’s needs as well as our candidates’ personal interests and goals through a thorough in-person interview process. Blending corporate needs with candidates’ desires makes the right match more attainable for all parties.

Learn more at meritogroup.com.

Looking for more discussion on this “mass exodus”? Read Will the Great Resignation be great for freelancers?