What is the Great Resignation?

The phenomenon of the Great Resignation and its main causes

The Great Resignation emerged recently in the United States and rapidly spread across Europe It is a phenomenon born from the need for self-realization and greater freedom of millions of employees, who, following the difficult economic crisis of the last years, have increasingly felt the need to review their priorities and to oppose the inflexible organizational models adopted by companies.

The "Great Resignation" describes a worrying scenario that involves millions of people and affects generation Z in particular, i.e. the under 30s, and those employed in sectors with a high risk of stress, who are willing to make a definitive change in their career.What is the cause of this phenomenon and how can it be faced? Before knowing the causes of Great Resignation in detail, let us analyze its trend to better understand its extent.

Great Resignation: numbers and statistics

According to data from the US Department of Labor, 4.6 million Americans left their jobs voluntarily in August last year, while in the UK towards the end of the year an increasing number of companies complained about the difficulty of operating due to a lack of personnel. This situation had already been anticipated by a Microsoft study, according to which 41% of the global workforce was considering the possibility of leaving their job at the end of last year, while in Germany more than a third of companies said they lacked skilled workers.

A study by McKinsey reports that the phenomenon of Great Resignation is destined to grow in the near future: 40% of workers worldwide are willing to change jobs within 4-6 months and of almost 6,000 people of working age, coming from Australia, Canada, Singapore, the United Kingdom and the United States, as many as 36% quit before finding a new job.Which are the main reasons that push more and more people to turn over a new leaf and voluntarily leave their jobs?

4.6 million Americans quit their jobs last year

40% of workers worldwide are willing to change jobs

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The main causes of the Great Resignation

From burnout to the pursuit of well-being and quality of life, the causes of Great Resignation are attributed to various factors, tied together by the need to review priorities and professional objectives according to the work - life balance, i.e. a better balance between private life and professional. It is therefore no longer just a question of finding a better-paid job but of being able to manage your time optimally and have autonomy at work.

According to a study conducted on 14 thousand workers around the world by the IBM (Institute for Business Value), the main motivations for Great Resignation are the search for more flexible work (32%) and more satisfying jobs (27%), with greater attention to work-life balance (51%) and career advancement opportunities (43%). One interesting fact concerns the youngest, architects of a new trend, the so-called Yolo Economy (You Only Live Once or "you only live once") which is pushing millennials to leave permanent jobs to start new activities so as to express themselves and have their own worth recognized. Certainly, one of the most commonly considered solutions and in line with the new needs is to set up on their own: in this context, franchising represents a valid opportunity for re-employment for those seeking the independence of self-entrepreneurship.

Franchising among the opportunities for re-employment

The increasingly central theme of sustainability and the search for an ideal balance between work and private life pushes new generations towards the development of their own business and new entrepreneurship, especially after abandoning their employee status. A concrete opportunity for re-employment for those looking for a career breakthrough is franchising, which meets the needs of those who want to create a small business without having to start a business from scratch.

The trend is also confirmed by the data reported by the International Franchise Association, according to which over 792,000 new commercial establishments are expected to open in the US during this year, with a growth of + 2.2% compared to last year. Becoming your own boss represents an increasingly attractive prospect for those who leave their jobs in search of greater independence and a new career.

In this context, MBE franchising can represent an answer for those who want to change their life. 1,800 Service Centers in +40 countries around the world: a proven entrepreneurial format, which together with the great support reserved for affiliates, is confirmed as a concrete opportunity for the numerous people who want to invest in their own autonomy.An internationally established network capable of projecting into dynamic sectors with great potential in logistics, shipping and e-commerce.

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