The Great Resignation – All you want to know!

According to the U.S. Bureau of Labor Statistics, 4 million Americans quit their jobs in July 2021. Resignations peaked in April and have remained abnormally high for the last several months, with a record-breaking 10.9 million open jobs at the end of July. In August 2021 alone, around 4.3 million people resigned from their jobs in the country, an increase of 242,000 from the previous month. This figure escalated to 4.4 million in September 2021. Although official data indicate that resignations were high in retail and hospitality sectors, many employees also had a desire to switch jobs and rethink their professional choices. The “resignation pandemic” has not spared India either, with talent acquisition numbers touching record levels, even crossing the pre-COVID-19 mark.