Overcoming the Test of the 'Massive Revaluation'
The ongoing COVID-19 pandemic has brought about a significant change in the talent market, coined as the "Great Resignation" or "Great Reassessment." This trend is a growing concern for employers across various industries as employees seek greater stability, flexibility, and personal fulfillment in their professional lives.
The primary drivers behind this shift include a reevaluation of career priorities, burnout and stress, poor work conditions, and a desire for better work-life balance. The pandemic has exposed many workers to prolonged stress and dissatisfaction, leading them to resign from roles they found unrewarding, underpaid, or overly demanding, especially in high-stress industries like healthcare and nonprofits.
Many workers have questioned the value of jobs lacking personal meaning or adequate pay, leading to career pivots towards roles more aligned with their values, growth, and well-being. Burnout from heavy workloads, lack of managerial support, unclear communication, and perceived unfair treatment has been a major cause of job dissatisfaction. Employees in sectors like nonprofits felt overworked, underpaid, and lacking advancement, further amplifying resignations.
Stress and burnout among healthcare and public health workers during the pandemic have contributed to staffing shortages and resignations. The shift towards remote and hybrid work has significantly impacted this trend by offering workers greater flexibility and better work-life balance opportunities. However, despite remote work options, burnout and job dissatisfaction persisted for many, indicating that location flexibility alone did not resolve all underlying issues.
The pandemic has accelerated the adoption of remote and hybrid work practices, leading to a desire for stability in professional life. Hybrid events, combining in-person and online participation, have also emerged as a result of the pandemic, catering to this need for flexibility.
In summary, the "Great Resignation" reflects a fundamental shift in worker expectations catalyzed by pandemic experiences, with remote and hybrid work models playing a key role by enabling new career choices and greater flexibility, while also highlighting ongoing challenges in workplace culture and support. This trend is happening in the context of the ongoing Covid-19 pandemic, and it is a term used to describe a large-scale trend in employee behavior, first referred to as the "Great Resignation" or the "Great Reassessment" in May 2021.
- As employees seek greater stability, flexibility, and personal fulfillment in their professional lives during the ongoing COVID-19 pandemic, the growth of interest in health-and-wellness and workplace-wellness careers has increased significantly, as these fields address the burnout and stress employees are experiencing.
- In response to the "Great Resignation" trend, businesses in various industries are prioritizing health-and-wellness initiatives in their workplaces, recognizing that mental health and well-being are essential for employee satisfaction and retention.
- Amidst the financial impact of the pandemic, science and finance careers have become more relevant in helping businesses navigate the economic uncertainties, while careers that focus on health-and-wellness serve to alleviate the stress and burnout affecting employees across numerous industries.
