North America, Director of Marketing & Sales at Neocase . Over 15 years of experience in the HR technology industry. getty Scholars and pundits are using multiple terms for the turbulent employment market, including the Great Resignation and the Great Reshuffle. For consistency in this article, let’s stick with the Great Resignation. Corporate takeovers, buyouts and various downsizing initiatives have resulted in hundreds of thousands of layoffs across North America. However, the job market continues to grow steadily as unemployment figures remain relatively low. So, what exactly is going on? There are countless variables and contributing factors to the health and prosperity of any given economic system. The bottom line, however, is that demands are changing. That is the driving force behind many of the unprecedented phenomena occurring in the jobs market today. In this article, we will consider the many factors contributing to today’s market and how both employees and companies are navigating it. Let’s dive in. What is contributing to the current employment market? In 2020, the Great Resignation (subscription required) began. This has been an ongoing mass exodus of dissatisfied workers who are walking away from their jobs in search of something better. Pew Research Center […]
