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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.
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.
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.
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 ...
You've no doubt heard of "The Great Resignation." Professor Anthony Klotz of Texas A&M University coined the phrase during a Bloomberg interview in May 2021, when he predicted people would begin...
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 ...
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Pay is the number one reason workers joined the Great Resignation, a new study finds. Those earning less than $75,000 were most likely to quit.