What is the Great Resignation?
The COVID-19 pandemic has thrust the United States into a mass resignation that’s forced employers to think more critically about employee satisfaction.
A recent survey from Microsoft found that 41 percent of employees worldwide are looking to quit their jobs this year in the U.S., as millions quit monthly with no end in sight.
According to the Bureau of Labor Statistics, 20 million Americans have left their job since April.
But this trend isn’t just a U.S. phenomenon. In Germany and throughout Europe, many companies are short of skilled workers. Currently, there are at least 400,000 professional job vacancies. Data collected from the OECD shows that in 38 member countries, at least 20 million workers have not returned to work since the COVID-19 pandemic began. In Vietnam, many low-paid garment workers have not returned to factories. In the Caribbean, one in six workers aged 18 to 29 has left the workforce.