A ‘Resignation Tsunami’ is on the Rise Rather Than Rising Unemployment

The pandemic brought on a fear of losing jobs. And yet, a surprisingly large number of people are considering quitting their jobs during the pandemic. The initial fear was of rising unemployment. But instead a so-called, ‘resignation tsunami’ is on the rise.

The study carried out by the Achievers Workforce Institute in the US and Canada showed that over 52% of employees would look for a new job in 2021. While another report by Monster.com showed a much higher number of 95%. A Michael Page Talent Trends report in Singapore revealed that 56% employees were looking for a new job in 2021, which is significantly higher than the Randstad survey number of 31% between April and October 2020. So, although countries and organizations were worried about rising unemployment, that might not be the prevalent problem.