This August almost 3% of workers handed in their resignation – a new record. 4.3 million individuals quit their jobs, vastly outnumbering the number of layoffs from employers. This mass exodus means Americans are quitting their jobs in record numbers in what is now being coined “The Great Resignation.” Learn how can you leverage the current red-hot job market to your benefit!
This August almost 3% of workers handed in their resignation – a new record. 4.3 million individuals quit their jobs, vastly outnumbering the amount of layoffs from employers. This mass exodus means Americans are quitting their jobs in record numbers in what is now being coined “The Great Resignation.”
The majority of workers resigning from their positions are women. 5.5% of women quit their jobs in August compared to 4.4% of men. Women held the majority of the nation’s jobs before the pandemic but the job landscape is quickly changing. Economists warn this gender gap may not improve until women return to the job market.
Four in 10 people who quit were either working in the hospitality or leisure industries such as restaurant servers or retail workers. Lower-wage industries have seen a dramatic hit as workers flock to find more lucrative and enjoyable jobs during the labor crisis.
The pandemic has led to acute labor shortages and a red-hot job market. If you’re looking to make a career pivot or job change, this is the perfect time to consider your options. Whether you’re hunting for more money or flexibility or simply looking to find something you enjoy, job openings are at a new record high.
If you’re not interested in switching companies or positions, you can also take advantage of the changing job market to ask for a raise or promotion. Novel benefits like tuition reimbursement and other perks may be on the table.
If you’re looking to take advantage of “The Great Resignation” to go on the job hunt or make a career pivot, contact Careerships today. We offer custom career coaching packages to help you transform your career pathway. From branding and resume review to business planning and interview practice, Careerships is here to help you find a fulfilling career.