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Archive August 2024
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From The Great Resignation to The Great Talent Stagnation Submitted by MedBest Recruiting
- By: Barbara Miller
- On: 08/01/2024 12:21:45
- In: Human Resources
- Comments: 0
You might remember the Great Resignation in 2021 and 2022 during the pandemic. The Great Resignation is the term used to describe the trend of mass exits of employees from their jobs.
During this period, people weren’t satisfied with their work environment, industry they worked in, schedules, and work/life balance so they resigned at alarming rates. In fact, approximately 47 million people quit their jobs in the US according to the US Bureau of Labor & Statistics. 8 out of 10 professionals who left their jobs later regretted their decision.
Fast forward to 2024 and we’re no longer dealing with The Great Resignation but The Great Talent Stagnation. The term has been coined to describe a period when employee career advancement has been hindered.