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Great Resignation, the Glossary

The Great Resignation, also known as the Big Quit and the Great Reshuffle, was a mainly American economic trend in which employees voluntarily resigned from their jobs en masse, beginning in early 2021 during the COVID-19 pandemic.^[1]

114 relations: Adobe Inc., American Rescue Plan Act of 2021, Artificial intelligence, Baby boomers, Bankrate, Bare minimum Monday, Barron's, Beyoncé, Break My Soul, Bureau of Labor Statistics, Business Insider, Business Standard, Child care, Child labour, Chinese Communist Party, Chinese Dream, Cost of living, COVID-19 pandemic, COVID-19 recession, Deloitte, DikinBaus Hot Dogs, Economic indicator, Economic stability, Elite overproduction, Employee benefits, Employee retention, Fast food, Federal Reserve Bank of St. Louis, Forbes, Fortune (magazine), Fortune 1000, France 24, Gendered impact of the COVID-19 pandemic, General strike, Generation Z, Generation Z in the United States, Ghost job, Great Recession, Great Reset, Harvard Business Review, Health professional, Higher education bubble in the United States, Hospitality industry, Information technology, Insider Inc., Institute for Employment Studies, International Monetary Fund, Internet censorship in China, Job satisfaction, Josh Frydenberg, ... Expand index (64 more) »
2021 in economic history
2022 in economic history
2022 labor disputes and strikes
2023 in economic history
2023 labor disputes and strikes
Economic events
Economic impact of the COVID-19 pandemic
Social impact of the COVID-19 pandemic

Adobe Inc.

Adobe Inc., formerly Adobe Systems Incorporated, is an American computer software company based in San Jose, California.

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American Rescue Plan Act of 2021

The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession.

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Artificial intelligence

Artificial intelligence (AI), in its broadest sense, is intelligence exhibited by machines, particularly computer systems.

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Baby boomers

Baby boomers, often shortened to boomers, are the demographic cohort preceded by the Silent Generation and followed by Generation X. The generation is often defined as people born from 1946 to 1964 during the mid-20th century baby boom.

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Bankrate

Bankrate, LLC is a consumer financial services company based in New York City.

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Bare minimum Monday

Bare minimum Monday (BMM), also known as minimum effort Monday or minimal Mondays refers to an initiative by employees to do the minimal amount of work necessary on Mondays, which mark the start of the work week.

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Barron's

Barron's (stylized in all caps) is an American weekly magazine/newspaper published by Dow Jones & Company, a division of News Corp, since 1921.

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Beyoncé

Beyoncé Giselle Knowles-Carter (Knowles; born September 4, 1981) is an American singer, songwriter, and businesswoman.

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Break My Soul

"Break My Soul" is a song by American singer and songwriter Beyoncé.

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Bureau of Labor Statistics

The Bureau of Labor Statistics (BLS) is a unit of the United States Department of Labor.

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Business Insider

Business Insider (stylized in all caps, shortened to BI, known from 2021 to 2023 as Insider) is a New York City–based multinational financial and business news website founded in 2007.

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Business Standard

Business Standard is an Indian English-language daily edition newspaper published by Business Standard Private Limited, also available in Hindi.

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Child care

Childcare, otherwise known as day care, is the care and supervision of a child or multiple children at a time, whose ages range from two weeks to 18 years.

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Child labour

Child labour is the exploitation of children through any form of work that interferes with their ability to attend regular school, or is mentally, physically, socially and morally harmful.

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Chinese Communist Party

The Chinese Communist Party (CCP), officially the Communist Party of China (CPC), is the founding and sole ruling party of the People's Republic of China (PRC).

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Chinese Dream

The Chinese Dream, also called the China Dream, is a term closely associated with Xi Jinping, the General Secretary of the Chinese Communist Party (CCP) and China's paramount leader.

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Cost of living

The cost of living is the cost of maintaining a certain standard of living for an individual or a household.

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COVID-19 pandemic

The COVID-19 pandemic (also known as the coronavirus pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an outbreak of COVID-19 in Wuhan, China, in December 2019.

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COVID-19 recession

The COVID-19 recession, also known as the Great Lockdown, was a global economic recession caused by COVID-19 lockdowns. Great Resignation and COVID-19 recession are 2021 in economic history and economic impact of the COVID-19 pandemic.

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Deloitte

Deloitte Touche Tohmatsu Limited, commonly referred to as Deloitte, is a multinational professional services network.

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DikinBaus Hot Dogs

"DikinBaus Hot Dogs" is the fifth episode of the twenty-sixth season of the American animated television series South Park, and the 324th episode of the series overall.

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Economic indicator

An economic indicator is a statistic about an economic activity.

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Economic stability

Economic stability is the absence of excessive fluctuations in the macroeconomy.

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Elite overproduction

Elite overproduction is a concept developed by Peter Turchin that describes the condition of a society that is producing too many potential elite members relative to its ability to absorb them into the power structure.

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Employee benefits

Employee benefits and benefits in kind (especially in British English), also called fringe benefits, perquisites, or perks, include various types of non-wage compensation provided to employees in addition to their normal wages or salaries.

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Employee retention

Employee retention is the ability of an organization to retain its employees and ensure sustainability.

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Fast food

Fast food is a type of mass-produced food designed for commercial resale, with a strong priority placed on speed of service.

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Federal Reserve Bank of St. Louis

The Federal Reserve Bank of St.

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Forbes

Forbes is an American business magazine founded by B. C. Forbes in 1917 and owned by Hong Kong-based investment group Integrated Whale Media Investments since 2014.

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Fortune (magazine)

Fortune (stylized in all caps) is an American global business magazine headquartered in New York City.

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Fortune 1000

The Fortune 1000 are the 1,000 largest American companies ranked by revenues, as compiled by the American business magazine Fortune.

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France 24

France 24 (vingt-quatre in French) is a French publicly-funded international news television network based in Paris.

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Gendered impact of the COVID-19 pandemic

COVID-19 affects men and women differently both in terms of the outcome of infection and the effect of the disease upon society. Great Resignation and Gendered impact of the COVID-19 pandemic are social impact of the COVID-19 pandemic.

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General strike

A general strike is a strike action in which participants cease all economic activity, such as working, to strengthen the bargaining position of a trade union or achieve a common social or political goal.

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Generation Z

Generation Z (often shortened to Gen Z), also known as Zoomers, is the demographic cohort succeeding Millennials and preceding Generation Alpha.

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Generation Z in the United States

Generation Z (or Gen Z for short), colloquially known as Zoomers, is the demographic cohort succeeding Millennials and preceding Generation Alpha.

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Ghost job

A fake job, ghost job, or phantom job is a job posting for a position that is non-existent or has already been filled.

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Great Recession

The Great Recession was a period of marked decline in economies around the world that occurred in the late 2000s.

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Great Reset

The Great Reset Initiative is an economic recovery plan drawn up by the World Economic Forum (WEF) in response to the COVID-19 pandemic.

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Harvard Business Review

Harvard Business Review (HBR) is a general management magazine published by Harvard Business Publishing, a not-for-profit, independent corporation that is an affiliate of Harvard Business School.

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Health professional

A health professional, healthcare professional, or healthcare worker (sometimes abbreviated HCW) is a provider of health care treatment and advice based on formal training and experience.

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Higher education bubble in the United States

The higher education bubble in the United States is the possibility that excessive investment in higher education could have negative repercussions in the broader economy.

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Hospitality industry

The hospitality industry is a broad category of fields within the service industry that includes lodging, food and beverage services, event planning, theme parks, travel agency, tourism, hotels, restaurants, nightclubs, and bars.

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Information technology

Information technology (IT) is a set of related fields that encompass computer systems, software, programming languages, and data and information processing, and storage.

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Insider Inc.

Insider Inc. (formerly Business Insider Inc.) is an American online media company known for publishing Business Insider and other media websites.

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Institute for Employment Studies

The Institute for Employment Studies (IES) is a British centre of research and consultancy on human resources and employment.

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International Monetary Fund

The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 190 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate stability.

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Internet censorship in China

China censors both the publishing and viewing of online material.

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Job satisfaction

Job satisfaction, employee satisfaction or work satisfaction is a measure of workers' contentment with their job, whether they like the job or individual aspects or facets of jobs, such as nature of work or supervision.

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Josh Frydenberg

Joshua Anthony Frydenberg (born 17 July 1971) is an Australian former politician who served as the treasurer of Australia and deputy leader of the Liberal Party from 2018 to 2022.

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Labor history of the United States

The nature and power of organized labor in the United States is the outcome of historical tensions among counter-acting forces involving workplace rights, wages, working hours, political expression, labor laws, and other working conditions.

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Lazy girl job

A lazy girl job is an easy, usually white-collar, job with good pay where an employee can quiet quit.

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Life satisfaction

Life satisfaction is an evaluation of a person's quality of life.

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Long COVID

Long COVID or long-haul COVID is a group of health problems persisting or developing after an initial period of COVID-19 infection.

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Loud quitting

Loud quitting refers to a type of employee disengagement in which individuals openly share their discontent, desire for change, and intention to leave.

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Market segmentation

In marketing, market segmentation or customer segmentation is the process of dividing a consumer or business market into meaningful sub-groups of current or potential customers (or consumers) known as segments.

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Market tightness

Market tightness is a measure of the liquidity of a market.

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The mass media in the People's Republic of China primarily consists of television, newspapers, radio, and magazines.

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McDonald's

McDonald's Corporation is an American multinational fast food chain, founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California, United States.

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Mercer (consulting firm)

Mercer is an American consulting firm founded in 1945.

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Microsoft

Microsoft Corporation is an American multinational corporation and technology company headquartered in Redmond, Washington.

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Midwestern United States

The Midwestern United States, also referred to as the Midwest or the American Midwest, is one of four census regions of the United States Census Bureau.

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Migrant worker

A migrant worker is a person who migrates within a home country or outside it to pursue work.

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Millennials

Millennials, also known as Generation Y or Gen Y, are the demographic cohort following Generation X and preceding Generation Z. Researchers and popular media use the early 1980s as starting birth years and the mid-1990s to early 2000s as ending birth years, with the generation typically being defined as people born from 1981 to 1996.

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Millennials in the United States

Millennials, also known as Generation Y or Gen Y, are the demographic cohort following Generation X and preceding Generation Z. Unlike their counterparts in most other developed nations, Millennials in the United States are a relatively large cohort in their nation's population, which has implications for their nation's economy and geopolitics.

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Neologism

In linguistics, a neologism (also known as a coinage) is any newly formed word, term, or phrase that nevertheless has achieved popular or institutional recognition and is becoming accepted into mainstream language.

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Northeastern United States

The Northeastern United States, also referred to as the Northeast, the East Coast, or the American Northeast, is a geographic region of the United States located on the Atlantic coast of North America.

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NPR

National Public Radio (NPR, stylized as npr) is an American public broadcasting organization headquartered in Washington, D.C., with its NPR West headquarters in Culver City, California.

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Opposition to immigration

Opposition to immigration, also known as anti-immigration, is a political ideology that seeks to restrict immigration.

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Overwork

Overwork, also known as excessive work or work overload, is an occupational condition characterized by working excessively, frequently at the expense of the worker's physical and mental health.

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Parental leave

Parental leave, or family leave, is an employee benefit available in almost all countries.

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Personality hire

In recruitment, a personality hire refers to the practice of hiring candidates for their personality and vibes, rather than their tangible skill set.

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Protest

A protest (also called a demonstration, remonstration, or remonstrance) is a public expression of objection, disapproval, or dissent towards an idea or action, typically a political one.

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PwC

PricewaterhouseCoopers International Limited is a multinational professional services brand of firms, operating as partnerships under the PwC brand.

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Quiet hiring

In human resources, quiet hiring refers to the practice of having an employee takes on a new responsibilities or a role within their company due to need.

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Quiet thriving

In human resources, quiet thriving refers to employees who actively craft their job in order to stay engaged and improve their mental state.

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Real wages

Real wages are wages adjusted for inflation, or, equivalently, wages in terms of the amount of goods and services that can be bought.

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Remote work

Remote work (also called telecommuting, telework, work from home—or WFH as an initialism, hybrid work, and other terms) is the practice of working from one's home or another space rather than from an office.

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Resenteeism

In human resources, resenteeism refers to a form of professional dissatisfaction wherein individuals choose to remain in unfulfilling jobs breeding resentment and a sense of entrapment.

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Resignation

Resignation is the formal act of leaving or quitting one's office or position.

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Restaurant Opportunities Center

The Restaurant Opportunities Centers United (ROC) is a not-for-profit organization and worker center with affiliates in a number of cities across the United States.

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Retail workers in the United States

Retail workers are people who are employed by any form of retail store.

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Robotics

Robotics is the interdisciplinary study and practice of the design, construction, operation, and use of robots.

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Royal College of Nursing

The Royal College of Nursing (RCN) is a registered trade union and professional body in the United Kingdom for those in the profession of nursing.

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SARS-CoV-2 Omicron variant

Omicron (B.1.1.529) is a variant of SARS-CoV-2 first reported to the World Health Organization (WHO) by the Network for Genomics Surveillance in South Africa on 24 November 2021.

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Scholarship

A scholarship is a form of financial aid awarded to students for further education.

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Self-employment

Self-employment is the state of working for oneself rather than an employer.

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Service industries

Service industries are those not directly concerned with the production of physical goods (such as agriculture and manufacturing).

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South Park

South Park is an American animated sitcom created by Trey Parker and Matt Stone, and developed by Brian Graden for Comedy Central.

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Southern United States

The Southern United States, sometimes Dixie, also referred to as the Southern States, the American South, the Southland, Dixieland, or simply the South, is a geographic and cultural region of the United States.

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Strike action

Strike action, also called labor strike, labour strike and industrial action in British English, or simply strike, is a work stoppage caused by the mass refusal of employees to work.

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Striketober

Striketober was a labor strike wave in October 2021 by workers in the United States in the context of strikes during the COVID-19 pandemic. Great Resignation and Striketober are 2021 labor disputes and strikes.

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Tang ping

Tang ping is a Chinese slang neologism that describes a personal rejection of societal pressures to overwork and over-achieve, such as in the 996 working hour system, which is often regarded as a rat race with ever diminishing returns.

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The Guardian

The Guardian is a British daily newspaper.

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The Hindu

The Hindu is an Indian English-language daily newspaper owned by The Hindu Group, headquartered in Chennai, Tamil Nadu.

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The New Indian Express

The New Indian Express is an Indian English-language broadsheet daily newspaper published by the Chennai-based Express Publications.

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The Times of India

The Times of India, also known by its abbreviation TOI, is an Indian English-language daily newspaper and digital news media owned and managed by The Times Group.

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The Washington Post

The Washington Post, locally known as "the Post" and, informally, WaPo or WP, is an American daily newspaper published in Washington, D.C., the national capital.

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Travel during the COVID-19 pandemic

During the COVID-19 pandemic, many countries and territories imposed quarantines, entry bans, or other travel restrictions for citizens of or recent travelers to the most affected areas.

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Turnover (employment)

In human resources, turnover refers to employees who leave an organization.

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U.S. News & World Report

U.S. News & World Report (USNWR, US NEWS) is an American media company publishing news, consumer advice, rankings, and analysis.

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UCL School of Management

The UCL School of Management is the business school of University College London (UCL).

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Unemployment benefits

Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by governmental bodies to unemployed people.

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United States Department of Labor

The United States Department of Labor (DOL) is one of the executive departments of the U.S. federal government.

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Wage growth

Wage growth (or real wage growth) is a rise of wage adjusted for inflations, often expressed in percentage.

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Western United States

The Western United States, also called the American West, the Western States, the Far West, and the West, is the region comprising the westernmost U.S. states.

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Work-to-rule

Work-to-rule (also known as an Italian strike, or a slowdown in US usage, called in Italian a Sciopero bianco meaning "white strike") is a job action in which employees do no more than the minimum required by the rules of their contract or job, and strictly follow time-consuming rules normally not enforced.

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Work–life balance

In the intersection of work and personal life, the work–life balance is the equilibrium between the two.

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2007–2008 financial crisis

The 2007–2008 financial crisis, or the global financial crisis (GFC), was the most severe worldwide economic crisis since the Great Depression.

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2021–2023 global supply chain crisis

In 2021, as a consequence of the COVID-19 pandemic and, later, the ongoing 2022 Russian invasion of Ukraine, global supply chains and shipments slowed, causing worldwide shortages and affecting consumer patterns. Great Resignation and 2021–2023 global supply chain crisis are 2021 in economic history and economic impact of the COVID-19 pandemic.

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2021–2023 inflation surge

Following the COVID-19 pandemic in 2020, a worldwide surge in inflation began in mid-2021 and lasted until mid-2022. Great Resignation and 2021–2023 inflation surge are 2021 in economic history, 2022 in economic history, 2023 in economic history and economic impact of the COVID-19 pandemic.

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2023 United Auto Workers strike

The 2023 United Auto Workers strike was a labor strike involving automobile workers in the labor union United Auto Workers (UAW) and the three unionized automakers in the United States—Ford Motor Company, General Motors, and Stellantis. Great Resignation and 2023 United Auto Workers strike are 2023 labor disputes and strikes.

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2023 Writers Guild of America strike

From May 2 to September 27, 2023, the Writers Guild of America (WGA)—representing 11,500 screenwriters—went on strike over a labor dispute with the Alliance of Motion Picture and Television Producers (AMPTP). Great Resignation and 2023 Writers Guild of America strike are 2023 labor disputes and strikes.

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