A wave of change is predicted to come to the workplace. Experts have coined the term Great Resignation—following suit of past pivotal periods such as the Great Depression and the Great Recession—to describe the mass turnover that is anticipated to hit the workforce in the pandemic's aftermath. In fact, some experts believe it is already here.
According to Microsoft's 2021 Work Trend Index: Annual Report, around 40 percent of employees are contemplating a career change by early 2022. Their pent-up desires for change coupled with new skill acquisition are some of the factors leading to mass turnover, researchers say.
In the Forbes article "Workers Are Quitting Their Jobs In Record Numbers, As The U.S. Experiences A Booming Job Market," Jack Kelly writes, "People have started thinking about what they've been doing and whether they want to continue on in the same job or career for the next five to 25 years. The results of this introspection clearly show that they want to make a move."
The silver lining: "By quitting a job, workers show that they are confident in the future. It also signifies that there are sufficient jobs available that if the move doesn't work out, they could relatively easily find a new one," Kelly explains.