AS the world economy recovers from the pandemic, businesses now face another challenge — the "Great Resignation," a phrase coined in 2021 to describe the trend of millions of employees worldwide leaving their jobs.

In the Philippines, for instance, resignation was the top reason for unemployment in 2021. In its survey titled "Mission: Rebooting Economic Activities through Community Engagement (RACE) program," the Department of Labor and Employment (DoLE) said that 85,045 of the over 2.39 million unemployed workers resigned from their work last year. Meanwhile, in Metro Manila, the country's capital, the labor turnover rate, which refers to the difference between hiring (accession) and the rate of job termination or resignation (separation), has implied negative growth in employment in the first half of 2021.

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