“The Great Resignation” .. Why do people tend to leave their jobs?
4.5 million people left their jobs in one month in the United States.
Everyone was sticking to their job in the first pandemic year, but experts believe that now is the time for the “Great Resignation” based on the resignation of millions of people from their jobs, so why do people leave their jobs?
In 2020, at the height of the Corona pandemic, resignation rates declined due to the state of fear and uncertainty caused by the epidemic, but after a year the exact opposite happened, as hundreds of millions decided to leave their jobs in a remarkable phenomenon known as the “Great Resignation”.
The great resignation
It seems that millions around the world are rethinking the way they work and their lives, as a large number chose to balance the two, or to get themselves out of the capitalist system by resigning, as 24 million resignations were recorded in the United States alone during the period between April and September 2021 .
As for the latest numbers issued by Bureau of Labor Statistics In January 2022, it showed that 4.5 million people left their jobs in November 2021 alone, and this was considered the highest number of resignations in the United States in one month ever, at a rate of 33% of the total non-agricultural workforce.
Huge numbers of resignations have been reported in other countries such as Germany, Japan and China, and the labor shortage appears to be more severe in Britain than in the United States and the eurozone, according to Bank of England officials. This multiplier effect comes as Britain’s exit from the European Union coincides with the Corona pandemic, and the Organization for Economic Cooperation and Development has warned that the persistent shortage of workers in the United Kingdom could slow the growth rate among the Group of Seven major economies, according to a report. “Bloomberg” (Bloomberg).
Experts believe that the cause of this phenomenon is complex, but a large part of it is related to the global pandemic that has been going on for more than two years, with the collective move to work from home from home, the global inflation jump, in addition to the digital transformation boom in global business, among other reasons that may be related. Type of jobs and their advantages.
The resigning people are looking for better jobs with higher salaries, privileges and greater flexibility, in light of new trends to make profits with the pandemic and technological development, and in light of the uncertainty caused by the epidemic, whether in terms of businesses that have been affected by the pandemic negatively or positively, or in terms of psychological and social terms as a result of working remotely. Attitudes to thinking about devoting oneself to the family, or devoting more time to entertainment and children, and dealing with mental health problems resulting from work pressures and the pandemic, according to other angles to analyze the phenomenon and singled out them. magazine Harvard Business Review and the BBC.
What after resignation?
The post-resignation question remains about what the resigning people will do and their impact on the movement of the global market, Anthony Klotz, organizational psychologist and professor at Texas A&M University, predicts 3 paths to what the work will look like in 2022.
slow down major resignation
In the United States, Americans left their jobs at a record pace during the second half of 2021, and Klotz expects this to continue in 2022, but it will not be a huge wave because the narrow labor market has prompted some companies to offer better benefits and higher salaries to keep their employees.
Flexible remote work will be the rule, not the exception
Flexible working remotely and from anywhere has proven effective with the pandemic, and Klotz tells CNBC that companies will consider this to make work more flexible, give employees more power over their day, and give them a greater chance to achieve a better balance between Work and life, in addition to being an opportunity to improve mental health, it is believed that companies or losers in this race will adhere to the old strict standards.
Trend to the sophisticated alternative
The pandemic has accelerated the trend towards automation orautomation“, as some companies have embraced digital waiter service and robots to avoid the spread of viruses between humans. World Economic Forum A survey of 300 global companies found that 43% of companies expect to reduce their workforce in exchange for more reliance on new technology, and this too may be an alternative in the face of “the Great Resignation.”
Is it just an exaggeration?
There are reports that the “Great Resignation” is an exaggeration, as a website report compared “The Conversion” (The Conversation) This matter came in historical periods when the rates of resignation were high, as evidence of the change of workspaces in a way that keeps pace with development.
In the late 1990s and early 2000s, with the advent of the Internet, 2.4% of American workers had left their jobs, in search of the new job opportunities created by the Internet. Also, after World War II, with the US economy booming in areas other than manufacturing, the average monthly resignation was 6.1% in 1945, compared to 2.3% recorded in 2021.
There is another factor, which is the usual annual resignation rate. In 2019, about 28% of the American workforce resigned, and the current percentage is larger, but with a limited difference. In addition, not all sectors are witnessing resignation to the same extent. The areas that are currently experiencing a general reluctance to be greater than others are represented in the hotel and restaurant sectors, for example, in contrast to the construction, real estate and finance sectors. In addition, the percentage of young people in this data is the largest, due to the pressures of the pandemic that have reduced social networking spaces.