The ‘great resignation’, a term coined by psychologist Anthony Klotz, is a post-pandemic movement that saw a wave of resignations take hold across the United States (US) and other parts of the world.
In 2021 alone, more than a quarter of America’s total workforce resigned from their jobs, said Ryan Silberman, Group CEO at Webfluential.
In the US, one Pew Research Centre survey found that low pay, a lack of opportunities for advancement and feeling disrespected at work were the main reasons why Americans quit their jobs last year. The question is: are these the same reasons South Africans are leaving their places of employment? “Research from Bain & Company’s demonstrates the degree of variance between the highest and lowest performers across the talent spectrum. If you are a cardiac surgeon at the top of your game, you are around six times better than the ‘average’ cardiac surgeon, while a high-performing retail salesperson is up to eight times better than their peers,” said Silberman.
“The pandemic demonstrated that people can work remotely and still get the job done, and employees have become accustomed to this flexibility. If they’re not able to retain this freedom as the workforce returns to the office post-Covid, they’re resigning.” Silberman doesn’t believe that the ‘great resignation’ is necessarily negative, but rather an opportunity that will require businesses to once again ‘pivot’ – that buzzword made so popular in the pandemic era.
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