The Great Resignation is a term that has been used to describe the trend of workers leaving their jobs in large numbers, particularly in the context of the COVID-19 pandemic. While the pandemic has certainly accelerated this trend, there are a number of underlying causes that have contributed to the Great Resignation. In this blog post, we'll take a closer look at some of the key causes of the Great Resignation and explore the implications of this trend for workers and employers.
Remote Work: The shift to remote work has been one of the most significant changes to the labor market in recent years, and it has been a major driver of the Great Resignation. Remote work has given workers more flexibility and autonomy in terms of where and when they work, and it has also made it easier for workers to find jobs that better fit their lifestyle and personal preferences. As a result, many workers have chosen to leave traditional employment for more flexible and autonomous forms of work, such as freelance or gig work.
Economic Fallout from the Pandemic: The economic fallout from the pandemic has also been a major cause of the Great Resignation. Many workers have lost their jobs or have seen their income reduced as a result of the pandemic, and this has led many to seek out more stable and well-paying gig work. This has been particularly true for workers in industries that have been hard-hit by the pandemic, such as retail and hospitality.
Increased Availability of Flexible Work Options: The rise of the gig economy and the increased availability of flexible work options have also contributed to the Great Resignation. Platforms like Uber, TaskRabbit, and Upwork have made it easier for workers to find gig work and have also made it more attractive as an alternative to traditional employment. As a result, many workers have chosen to leave traditional employment for more flexible and autonomous forms of work.
Lack of Job Security: Another major cause of the Great Resignation has been the lack of job security in many traditional employment. Many workers have grown increasingly frustrated with the lack of stability and long-term prospects in traditional employment, and have chosen to leave their jobs in search of more stable and secure gig work.