The great resignation – retirement or relocation? - High unemployment and Covid-19’s economic fallout leave South Africans ready to relocate and work remotely
The “Great Resignation” alludes to many employees around the world quitting their jobs owing to the pandemic’s underlying repercussions. In September 2021, for example, 4.4-million workers in the US quit their occupations, up 34% over the same month in 2020. Over the same time period, LinkedIn examined the number of members globally who recently moved jobs on their LinkedIn accounts and discovered a 54% year-over-year rise.
South Africa’s median age was 27.6 years in 2020, up 1.28% from the previous year. In line with this increase, the working-age population rose by 146 000 in the third quarter of 2021 from the previous quarter, and by 578 000 , from the third quarter of 2020. This means that South Africa still has a sizable and growing working-age population. In South Africa, external factors such as remote employment and a desire to relocate may have played a more significant role in people’s decision to leave their jobs.rate reached a new high, with job losses in nearly every sector. The rate increased to 34.9% from 34.4% in the previous three months. This is one of the world’s highest unemployment rates.
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