The economic trend known as the ‘Great Resignation’ has led to a significant shift in our workforce with more job openings than people looking for work.
From resume gaps to the increased demand for remote work, many factors make finding a job during the Great Resignation challenging. Here’s what you can do to improve your chances.
The Pandemic Isn’t Over
The pandemic isn’t over yet. No one knows the full long-term economic impact or if another lock-down might be right around the corner.
Roughly 200,000 U.S. businesses permanently shut down within the first year of the pandemic, which eliminated many positions. Many companies continue to struggle and therefore are hiring less, if at all.
More Competition & Demand for Remote Job
People aren’t quitting just for the sake of quitting. They left their former jobs for valid reasons, such as poor working conditions, low pay, and bad management.
Therefore, the “no one wants to work” narrative is misleading. People want to work – they just aren’t interested in applying for these roles.
Employees Want Higher Salaries
In November 2021, the “quit rate” in the U.S. reached a 20-year high. According to a survey by the Pew Research Center, the top reasons people quit are low pay and the lack of advancement opportunities.
While some companies have raised their starting wages, many others avoid paying higher salaries by just not hiring, or adding responsibilities to existing employees.