CURRENT AFFAIRS

Detailed explanation-1: -The Great Resignation, also known as the Big Quit and the Great Reshuffle, is an ongoing economic trend in which employees have voluntarily resigned from their jobs en masse, beginning in early 2021 in the wake of the COVID-19 pandemic.

Detailed explanation-2: -The Great Resignation Survey 2022 survey covered more than 500 organisations across various industries, and was conducted to understand the factors driving voluntary attrition in the labour market. A survey has revealed that four out of every 10 employees want to leave their current organisation post-increment.

Detailed explanation-3: -The primary cause of the Great Resignation is likely intense competition for workers, as reflected in a high number of job vacancies and a lower unemployment rate. Sectors hit hardest by the COVID-19 pandemic, such as accommodations and healthcare, have tended to have the most job openings.

Detailed explanation-4: -Management professor Anthony Klotz coined the term “Great Resignation” and believes the rise of hybrid and remote work helped cause the phenomenon. “How we spent our time before the pandemic may not be how we want to spend our time after,” says Klotz.