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The Great Resignation 2022 Explained - pandemic,economy,education,healthcare,hospitality

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Burnout has fueled the Great Resignation to a considerable extent, but other factors such as the shift to working from home and the desire to transfer into a more stable career have also played a role.

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According to estimates, 75.5 million people in the United States will retire in 2021. Furthermore, according to a poll conducted by ResumeBuilder.com, approximately 23% of the workforce will be looking for new jobs in 2022. Low-wage workers were more likely to quit than their higher-paid colleagues, with hospitality, healthcare, and social support, as well as transportation, warehousing, and utilities, being the most affected sectors. Around 4.4 percent of all roles in education, over 6% in retail, and over 8% in healthcare are available. It equates to about a million and a half unfilled vacancies. Although the situation in India is not as grave, there is nonetheless cause for concern. Following the Great Resignation, the IT and technology sectors are hiring at record levels, with the top five IT firms employing over 1.7 lakh employees by 2021. Not only are people shifting occupations, but nearly half of job searchers are looking for possibilities in industries where they have little to no expertise, according to an Amazon India study conducted in September 2021.