What is ‘The Great Resignation’? An expert explains
The Great Resignation is a phenomenon that describes record numbers of people leaving their jobs after the COVID-19 pandemic ends. Companies now have to navigate the ripple effects of the pandemic and re-evaluate how to retain talent.
The Great Resignation is an idea proposed by Professor Anthony Klotz of Texas A&M University that predicts a large number of people leaving their jobs after the COVID pandemic ends and life returns to “normal.” Managers are now navigating the ripple effects from the pandemic, as employees re-evaluate their careers and leave their jobs in record numbers. Companies have a record number of open positions in the US, and to explore what has been driving this recent shift, a recent in depth analysis by Ian Cook and his team of more than 9 million employee records at 4,000 global companies revealed two trends:
- Resignation rates are highest among mid-career employees
- Resignation rates are highest in the technology and healthcare industries
Further reading: https://www.weforum.org/agenda/2021/11/what-is-the-great-resignation-and-what-can-we-learn-from-it/