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You might have heard about the Great Resignation in the media. There might be the impression that these people leaving are lazy or just wanting to receive welfare. That cannot be further away from the truth. Employers have held on to the longer end of the stick for a long time and the pandemic has fuelled the shift of bargaining power back to the employees. In this article, we will look at what is the Great Resignation and its place in Singapore.
What Is The Great Resignation?
This Great Resignation movement started in early 2021, mainly in the United States. It coincided with the stimulus payment by the US government due to the pandemic. Just in November 2022 alone, 4.5 million Americans quit their jobs....