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Elizabeth Merritt

Why is the great resignation happening? - Quartz - 0 views

  • Data from the Bureau of Labor Statistics on people who left their jobs shows that people working in transportation and manufacturing quit at a lower rate than people working in professional and business services, and below the overall private industry average. Among industries with lower wages, hospitality did see a high level of resignation and job changes, though the industry typically has very high turnover (up to 70% to 80% yearly).
  • Nikolaidis’s research shows that some of the strongest determinants of lower mood after covid-19 were external social circumstances, including income or economic distress, as well as the person’s mental and socioeconomic conditions prior to the pandemic. People working in low-wage and hourly jobs have long expressed significant stress associated to their work, and their burnout epidemic arguably pre-dates covid-19.
  • The US administration seems aware of the looming crisis, and has proposed a mental health strategy with an overall budget of about $1 billion for 2023, to provide mental health services, recruit a mental health workforce, provide support to frontline health workers, and strengthen the role of community behavioral health clinics.
Elizabeth Merritt

Quitting is just half the story: the truth behind the 'Great Resignation' | US unemploy... - 1 views

  • “quits”, as the Bureau of Labor Statistics calls them, hit a high in September, with over 4.3 million people leaving their jobs, and was followed by a modest reduction of that trend in October and November.
  • n Tuesday the labor department said there were 10.6m job openings at the end of November and 6.9 million unemployed people – 1.5 jobs per unemployed person. The number of quits hit a new high of 4.5m.
  • The top reasons cited by experts continue to be lack of adequate childcare and health concerns about Covid
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  • many quit in search of better work opportunities, self employment, or, simply, higher pay.
  • The recent trend towards higher pay exists in the context of decades of low-wage growth, as until recently, wages in the US had stagnated.
  • The current competitiveness of the labor market – at least the proportion that is driven by gap between the high demand for workers and the supply of those searching for work – might be temporary.
  • in September and October of this year, there were 1.4 million fewer mothers actively engaged with the labor force than those same months in 2019.
  • Mothers with college degrees and telework-compatible jobs were more likely to exit the labor force and more likely to be on leave than women without children. She also found that teachers are most likely to leave the labor force as compared to their counterparts in other industries.
Elizabeth Merritt

Gen Z, the Great Resignation generation, likes job-hopping - 0 views

  • A whopping 75% of Gen Zers say they're willing to switch career paths entirely and look for jobs in new industries. Less than half of those older say the same.
  • They're 77% more likely to engage with a job posting on LinkedIn that mentions "flexibility" than one that doesn't.
Elizabeth Merritt

How teens are experiencing their version of the 'Great Resignation' - MindShift - 0 views

  • students also want to see this emphasis on mental health occurring school-wide, even education system-wide, in the midst of a pandemic.
  • her class has been more “bold” in asking for less of that busy work, as well as in asking for extended time for work or test preparation, compared with pre-pandemic school.
  • The pandemic made even more visible systemic inequities that made safety and school most challenging for the families who needed the most help — the conditions that often worsen mental health in the first place. Students are pushing both for interesting classes and a feeling of safety at school in the ways they can.
Elizabeth Merritt

Majority of U.S. Workers Changing Jobs Are Seeing Real Wage Gains | Pew Research Center - 0 views

  • From April 2021 to March 2022, a period in which quit rates reached post-pandemic highs, the majority of workers switching jobs (60%) saw an increase in their real earnings over the same month the previous year.
  • 2.5% of workers – about 4 million – switched jobs on average each month from January to March 2022. This share translates into an annual turnover of 30% of workers – nearly 50 million – if it is assumed that no workers change jobs more than once a year. It is higher than in 2021, when 2.3% of workers switched employers each month, on average. About a third (34%) of workers who left a job from January to March 2022 – either voluntarily or involuntarily – were with a new employer the following month.
  • rom April 2020 to March 2021, some 51% of job switchers saw an increase in real earnings over the same months the previous year. On the other hand, among workers who did not change employers, the share reporting an increase in real earnings decreased from 54% over the 2020-21 period to 47% over the 2021-22 period. Put another way, the median worker who changed employers saw real gains in earnings in both periods, while the median worker who stayed in place saw a loss during the April 2021 to March 2022 period.
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  • A new Pew Research Center survey finds that about one-in-five workers (22%) say they are very or somewhat likely to look for a new job in the next six months
  • those who describe their personal financial situation as only fair or poor are about twice as likely as those who say their finances are excellent or good to say they’d consider making a job change (29% vs. 15%).
  • About half of job switchers also change their industry or occupation in a typical month, but this share has not changed since 2019. Women who leave a job are more likely than men who leave a job to take a break from the labor force, and men with children at home are least likely to do the same.
Elizabeth Merritt

Now We Know What Happened to Those Workers Who Dropped Out During the Pandemic. | Econo... - 0 views

  • rior research estimating that if the trends in place before March 2020 continued, 2.4 million fewer people would have retired.
  • oth genders became more likely to be occupied with home care/family care concerns during the pandemic. Since early 2021, this tendency has been declining again.”
  • 21.5% of females cited care as the reason for being out of the workforce, similar to the 20.8% pre-pandemic, while for men the numbers were 5.1% and 4.2%, respectively.
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  • he job market continues to be tighter than a drum.
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