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With reference to the great resignation, consider the following statements:
1. In 2020, resignation rates across the US plummeted due to the fear and uncertainty caused by the pandemic.
2. In India the IT and technology sector is hiring at unprecedented rates with the top five IT companies hiring around 1.7 lakh people in 2021.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
With reference to the great resignation, consider the following statem...
In 2020, resignation rates across the US plummeted due to the fear and uncertainty caused by the pandemic.
- However, one year later, as the workforce experienced a collective burnout, individuals left their jobs at unprecedented rates, leading some to describe the phenomenon as the Great Resignation.
- In November 2021, 4.5 million workers left their jobs according to the US Labor Department. This matched record numbers observed in September and accounted for 3 per cent of the workforce quitting their jobs each month.
- Estimates indicate that in total, 75.5 million people in America resigned in 2021.
- Low-wage workers were more likely to resign than their higher-paid counterparts with the sectors most affected including hospitality, healthcare and social assistance, and transportation, warehousing, and utilities.
- The Great Resignation has largely been fuelled by burnout, but other factors also include the shift to working from home and the desire to move into a more stable profession.
- In light of these resignations, the labour market has incentivised companies to offer better benefits and higher salaries.
Indian scenario
- In India, the situation is not as dire but still cause for concern. Following the Great Resignation, the IT and technology sector is hiring at unprecedented rates with the top five IT companies hiring around 1.7 lakh people in 2021.
- Not only are people in the workforce changing jobs, but according to a September 2021 survey by Amazon India, nearly 51 per cent of job seekers are looking for opportunities in industries where they have little to no experience.
- Hence both statements are correct.
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With reference to the great resignation, consider the following statements:1. In 2020, resignation rates across the US plummeted due to the fear and uncertainty caused by the pandemic.2. In India the IT and technology sector is hiring at unprecedented rates with the top five IT companies hiring around 1.7 lakh people in 2021.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the great resignation, consider the following statements:1. In 2020, resignation rates across the US plummeted due to the fear and uncertainty caused by the pandemic.2. In India the IT and technology sector is hiring at unprecedented rates with the top five IT companies hiring around 1.7 lakh people in 2021.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the great resignation, consider the following statements:1. In 2020, resignation rates across the US plummeted due to the fear and uncertainty caused by the pandemic.2. In India the IT and technology sector is hiring at unprecedented rates with the top five IT companies hiring around 1.7 lakh people in 2021.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the great resignation, consider the following statements:1. In 2020, resignation rates across the US plummeted due to the fear and uncertainty caused by the pandemic.2. In India the IT and technology sector is hiring at unprecedented rates with the top five IT companies hiring around 1.7 lakh people in 2021.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
With reference to the great resignation, consider the following statements:1. In 2020, resignation rates across the US plummeted due to the fear and uncertainty caused by the pandemic.2. In India the IT and technology sector is hiring at unprecedented rates with the top five IT companies hiring around 1.7 lakh people in 2021.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the great resignation, consider the following statements:1. In 2020, resignation rates across the US plummeted due to the fear and uncertainty caused by the pandemic.2. In India the IT and technology sector is hiring at unprecedented rates with the top five IT companies hiring around 1.7 lakh people in 2021.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the great resignation, consider the following statements:1. In 2020, resignation rates across the US plummeted due to the fear and uncertainty caused by the pandemic.2. In India the IT and technology sector is hiring at unprecedented rates with the top five IT companies hiring around 1.7 lakh people in 2021.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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