The longer the labor market remains tight, the more concessions employers will be forced to make. That’s the general census from employment data analysts. What started in the United States as the Great Resignation in early 2020 has spread across the globe and reached other job markets in various countries.
While the conditions of the global pandemic have waxed and waned throughout these past 2+ years, it can’t be the only reason that so many employees across the globe have decided to quit their jobs in search of something else. Why has the Great Resignation resonated with workers around the world?
A recent CNBC video report, produced by Silvia Amaro, has given us a snapshot of some of the most prevalent reasons the Great Resignation spread out of the U.S into other labor markets.
It turns out the global pandemic and lockdowns that followed provided some clarity for employees worldwide; they realized more than ever what they wanted/needed to be happy in their positions. How do we know this? As the report notes, 4.5 million people in the U.S quit their jobs in November 2021, the days in which the pandemic was under control enough for people to return to the offices and jobs they had left. The report noted how the Organization for Economic Cooperation and Development (OECD), a global agency, tracked employees’ reasons for resigning from their positions or never returning after lifted lockdowns. The Global Resignation can be understood as a result of a “global epiphany” by the labor force. The pandemic was a catalyst for people to consider their work satisfaction carefully.
The four reasons most employees are joining the Global Resignation that began in late 2021:
With a tight labor market, employers will have to make more concessions and work harder to attract and retain talent. Jobiak has been working years to help businesses create greater visibility to open positions and structure job data to present best as possible to prospects. It will be critical that employers keep benefits and role perks up front and visible to cast an effective recruiting effort.
Click to learn about AllJobs by Jobiak, our Global Jobs Distribution Platform.
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