International Finance
EconomyFeatured

Great regret following the great US resignation

IFM_The Great Resignation of USA-image
Many reevaluated their life choices and resigned during the pandemic. But rising inflation and fears of a recession are pushing people back into offices.

The Great Resignation, which saw around 20 million Americans leave their employment in the first five months of 2022, has earned its name. But according to a recent survey, many people now regret their choice.

A survey of more than 15,000 job seekers carried out over the last three months by Joblist, an artificial intelligence job-search platform, showed that more than 25% of those who left their jobs wondered whether they made the correct decision.

The sudden rise in resignation was related to factors like COVID dangers at work, new work-from-home alternatives, and a general sense that Americans have been reevaluating their professional lives amid the chaos of a pandemic.

In 2022, there have been around twice as many job terminations as there were ten years ago.

However, the study by Joblist uncovered several factors causing some of those who left to change their minds.

Due to indications that the labor market is about to change, many Americans feel increasing pressure to obtain employment. Over the next six months, the labor market is expected to worsen, according to about half of job seekers.

In addition, 42% of people who found new work after resigning report that it hasn’t met their expectations.

By profession, the intensity of regret differed. According to the Joblist poll, people who left their employment in the healthcare industry, which was under tremendous strain due to the pandemic, are the least likely to believe that they made a mistake. Only 14% of health professionals who left their positions expressed regret.

What's New

IF Insights: Australia’s big fight against scams

IFM Correspondent

After Donald Trump’s historic win, investors savour ‘red sweep’ possibilities

IFM Correspondent

Start-up of the Week: Prelude & the art called fraud-resistant SMS verification services

IFM Correspondent

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.