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During the "Great Resignation," workers job-hopped their way to higher pay at a rate not seen in decades—with 50.5 million people, or about one-third of the workforce, leaving their jobs in 2022.
The report also showed a decline in the quits rate, a signal of workers' confidence in their ability to land a new job. The quits rate fell to 2.3%, the lowest since January 2021.
The White House has bristled at the term “great resignation" and has tried to reframe it as what Bharat Ramamurti, the deputy director of the National Economic Council, calls the “great ...
Bosses want more skilled workers. Workers want more skills. Somehow, nobody is happy. Per the latest annual Career Optimism Index study from the University of Phoenix Career Institute, more than ...
The Great Resignation continued into 2022, but transformed into what some experts called, “The Great Renegotiation.” Workers began to negotiate higher wages at their current jobs or new jobs.
March 2021 – June 2023: approximate period of the Great Resignation, where quits exceed the previous record The Great Resignation , also known as the Big Quit [ 2 ] [ 3 ] and the Great Reshuffle , [ 4 ] [ 5 ] was a mainly American economic trend in which employees voluntarily resigned from their jobs en masse , beginning in early 2021 during ...
Toward the end of last year, Anthony Klotz, a professor of business administration at Texas A&M University who studies workplace resignations, realized that a lot of people were about to quit ...
During the Great Resignation, many took advantage of the tight labor market to find new jobs with better salaries, benefits, and work-life balance. Loyalty to oneself over a company became a ...