Everyone is trapped and has nowhere to go. Without hope, this is what you would expect. Engagement is sentiment of hope of future development, comp, responsibility, etc.
Edit: This appears to be covered thoroughly in the thread ChrisArchitect links to.
>Everyone is trapped and has nowhere to go. Without hope, this is what you would expect. Engagement is sentiment of hope of future development, comp, responsibility, etc.
Quits rate (ie. the opposite of "trapped and has nowhere to go") saw a spike in 2022-2023, but that associated with lower job satisfaction rating compared to 2020. There was also a huge dip in the quits rate after 2008, but engagement barely moved.
My mental model around these indicators: High quits rate + low engagement = workers leaving for greener pastures. Low quits rate + low engagement = no greener pastures to go to. Low quit rates + high engagement = "professional/career/work potential" sentiment high, happy workers staying put and grinding because they choose to.
(imho, n=1, scholar of the macro and the human, I am an internet rando trying to read the room and could be wrong)
Edit: This appears to be covered thoroughly in the thread ChrisArchitect links to.
https://news.ycombinator.com/item?id=42697779