Australia isn't experiencing the great resignation yet, but there has been an uptick
- Written by Martin Edwards, Associate Professor in Management and Business, The University of Queensland
The past year has been awash with suggestions countries such as Australia are experiencing a “great resignation” as workers previously loyal to their employers quit their jobs and look for others elsewhere.
Last year, newspaper articles aside, there was little evidence for this in Australia, although substantial evidence in the United States where the term came from.
Seasonally adjusted.
ABS labour force, job vacancies[8]
This is likely to mean that more people will be tempted to switch jobs soon.
They might even be doing it, meaning the uptick will continue when the figures are updated next February. Watch this space.
Read more:
An extra 60,600 Australians found work in May. Here's why wages aren't moving much[9]
References^ unsafe (theconversation.com)^ Australia's 'great resignation' is a myth — we are changing jobs less often (theconversation.com)^ 9.5% (www.abs.gov.au)^ December 2000 (www.bls.gov)^ Despite record vacancies, Australians shouldn't expect big pay rises soon (theconversation.com)^ retrenchment rate (www.abs.gov.au)^ job vacancies (www.abs.gov.au)^ ABS labour force, job vacancies (www.abs.gov.au)^ An extra 60,600 Australians found work in May. Here's why wages aren't moving much (theconversation.com)Authors: Martin Edwards, Associate Professor in Management and Business, The University of Queensland
