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Great Resignation Reaches Sarasota Region

Graphic courtesy WalletHub

A new survey from WalletHub shows Florida has the second highest resignation rates of every state in the union. Has the “Great Resignation” struck the greater Sarasota area? Business leaders say it has, and that companies will have to grow increasingly nimble to deal with the change.

“The EDC is talking with businesses every day who tell us that the lack of and loss of talent is a significant risk for their company,” said Lisa Krouse, president and CEO of the Economic Development Corporation of Sarasota County. “It doesn’t matter if it’s a large or small organization.”

The topic was highlighted at an Economic Outlook Luncheon in Sarasota on Friday, largely in response to demand from companies for help finding creative solutions to business challenges. Krouse said in many ways, the problems facing long-time employers are a biproduct of the region’s successes.

“There is no shortage of business interest in our community,” she said. “With the influx of new businesses coming into our state, there are more opportunities for workers. People are quitting for better jobs.”

Heather Kasten, president of the Greater Sarasota Chamber of Commerce, said every single employer she knows has at least one significant job opening on their payroll. “You see businesses making modifications to the business model because of a shortage of staff,” she said.

The WalletHub survey looked at data about how many individuals voluntarily leave their places of employment each month and found Florida trails only Alaska in terms of places with the most quitting.

At the same time, the region and entire state continue to see lower unemployment rates than the nation as a whole. The North Port-Sarasota-Bradenton area, according to information released Friday by Florida's Department of Economic Opportunity, has an unemployment rate of just 2.1% compared to a statewide rate of 2.4% and a national rate of 3%.

Kasten encourages employers to do what they can to make workers feel valued— even those finding their ways to the exits. “If a good employee leaves, make sure (employers) leave the door open for if and when they want to return to the company,” Kasten said. “Make sure you do it in best possible, honorable way.

“Now is a great time to examine your corporate culture. Things have drastically changed since March 2019. Check the environment at work what your culture is everyday. If you are an employer or president of a company, you need to be waking up and being incredibly intentional about the culture at your place of employment.”

Kasten said a number of factors contribute to the current environment, from inflation to a growth in remote work in the pandemic. 

Krouse said there’s no doubt the environment has changed, as have the expectations of employees.

“The pandemic has caused many to rethink balance in their lives and we are seeing a large entry of entrepreneurs enter the market,” Krouse said.

“This can be highlighted by State College of Florida’s establishment of 26 West an Entrepreneurship Academy. The ability to work remote is also exacerbating the problem. The EDC and Visit Sarasota County have had a very successful social media campaign called ‘live where you want to work.’ We are targeting the remote worker and offering them a place like Sarasota County so as to build the talent pipeline for our local companies.”


SRQ Daily Archives

Welcome to the archives of SRQ DAILY: Freshly Squeezed Content Every Morning, produced by the team at SRQ Magazine. From this page, you will be able to view the most recent SRQ DAILY editions as well as search for a specific edition and keyword. The SRQ DAILY Business Edition runs on Mondays; the SRQ DAILY Philanthropy Edition publishes on Wednedsays; the SRQ DAILY Weekend Edition featuring arts and culture publishes on Fridays; and, the SRQ DAILY Perspectives Edition featuring op-eds, columns and letters publishes on Saturdays.

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This Week's SRQ DAILY Editions

Monday Business Edition – May 23, 2022

Local Seasidebank/UCB Team Honored at Chairman's Circle Awards Event •  Great Resignation Reaches Sarasota Region •  Lincoln Aquatic Park Gets Ready to Open •  80,000 Pounds of Food for Collected by Mal Carriers •  Two New Coastal Orthopedics Facilities Opening in Manatee •  DutchCrafters Unveils Redesign of Sarasota Showroom

Saturday Perspectives Edition – May 21, 2022

Sarasota Schools Data Dig •  Feel Your Best: Youth Mental Wellness

Friday Weekend Edition – May 20, 2022

Resilient Retreat Receives $3.5 Million Gift from Anonymous Donor Plus $1 Million Match Opportunity for First Endowment •  Construction to Begin on New SMH Cancer Pavilion •  Sarasota County Educator Named 2023 Florida Teacher of the Year Finalist •  Arts and Cultural Alliance of Sarasota County Announces Launch of Area Youth Poet Laureate Program  •  New Exhibits at the Art Ovation Hotel •  Local Care Providers Unite to Ensure Quicker, Easier Access to COVID-19 Outpatient Treatments on the Suncoast

Freshly Squeezed Content Every Morning – May 19, 2022

Sarasota Military Academy Turns Twenty •  Fiction Book Review of Call Me Max, by Kyle Lukoff, illustrated by Luciano Lozano •  Lynn Clement Joins RE/MAX Alliance Group •  Hermitage Artist Retreat Announces New Programs in June •  FST's 2022 Summer Mainstage Series Opens with Ring of Fire, A Rousing Musical Biography of Johnny Cash •  CoolToday Park Announces Party on the Plaza, Featuring Tropical Avenue •  Buchanan Unveils GOP Health Care Agenda Planks

Wednesday Philanthropy Edition – May 18, 2022

Safe Place and Rape Crisis Center (SPARCC) Awarded $10,000 Capacity Building Grant from the Community Foundation of Sarasota County to Support the Development of its New Organizational Strategic Plan •  Project Pride SRQ Announces Pride Month •  Children First Announces Naming of Teacher Resource Room •  The Great Ice Cream Eating Championship •  JMX Brands CEO Jim Miller Named Top Entrepreneur •  Sarasota Named a Top Place to Live in U.S. •  Baby Basics of Sarasota County Provides Diapers, Wipes and Kindness •  First Watch Announces Partnership with the V Foundation and Dick Vitale to Fund Life-Saving Pediatric Cancer Research •  Christine Kourik Earns Annual Sales Production Award •  Registration Open Now for Summer Art Camp at Art Center Sarasota

Tuesday Foodie Edition – May 17, 2022

There's never been a more important time to quit tobacco.  •  Three Cheers for the Tripletail Dinner •  Impact Theatre's Inaugural Town Hall Gathering •  Suncoast Cancer Survivors Treated to Special Drive-In Celebration  •  First Class Graduates from Tuition-Free Construction Training Program Offered by CareerEdge and Funded Through Selby Gardens Master Plan  •  Sarasota Memorial Healthcare Foundation President to Retire This Fall •  Goodwill Manasota Partnership with Gulfcoast Legal Services Expands to North Port •  Huge Motorcoach Storage Facility Sells for $12.1 Million in Sarasota

Monday Business Edition – May 16, 2022

In Conversation with Dr. Carol Probstfeld of State College of Florida •  SRQ Airport Sees 31% Jump in April Traffic •  Together We Roar Once Again

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