The Great Resignation will cause change, and with a little bit of knowledge and preparation you can use it as an opportunity for career growth and fulfilment.
What is the Great Resignation?
The term “Great Resignation” was coined in the United States post COVID, when an unusually large number of employees resigned from their jobs. The Wall Street Journal reported that between April and August 2021 people handed in their resignations at a rate 60% higher than the corresponding period last year and 12% higher than in 2019, “when the job market had been the hottest it had been in almost 50 years”.
It is anticipated that a similar trend will occur in Australia. A recent PwC report1 surveyed 1,800 Australian workers, from the frontline to the back office, and found that 38% are planning to leave their job over the next 12 months. Additionally, a Microsoft Report2 of over 30,000 people found that 41% of the global workforce is likely to consider leaving their current employer within the next year, with 46% planning to make a major pivot or career transition.
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