How The Great Resignation Got Started

The video discusses the declaration of COVID-19 as a pandemic and its significant impact on the economy, leading to shutdowns and relief measures. It highlights the Great Resignation, where many workers chose not to return to their jobs, citing reasons like better pay at home, burnout, and lack of growth opportunities. Businesses face challenges with worker shortages and are adapting by using AI and offering flexible work arrangements. The video also notes the increase in job openings and the need for businesses to rethink compensation packages.

What major event marked the beginning of the COVID-19 pandemic response in the United States?

• The reopening of businesses

• The announcement of a pandemic

• The introduction of hybrid work models

• The end of the Great Resignation

What was one of the main reasons for the Great Resignation?

• Increase in office hours

• Decrease in remote work options

• Burnout and lack of comparable wages

• Lack of job opportunities

Which industry was particularly affected by worker shortages during the Great Resignation?

• Healthcare

• Education

• Trucking

• Technology

What demographic saw a significant increase in retirement during the Great Resignation?

• Workers aged 40-50

• Retirees over 55

• Workers under 30

• Teenagers entering the workforce

What is one potential solution businesses are considering to address worker shortages?

• Implementing flexible work arrangements

• Eliminating remote work options

• Reducing wages

• Increasing office hours