Record number of resignations in France as the balance of bargaining power changes – Ministry of Labor
By Myriam Rivet and Tassilo Hummel
PARIS – More French workers than ever quit their jobs in late 2021 and early 2022 as the balance of bargaining power shifts away from employers, a Labor Department study found on Thursday.
More than a million people resigned between October and March, according to the study by the ministry’s Dares research body, 90% of whom had coveted open-ended work contracts offering one of the levels of protection of the labor force. highest jobs in the world.
While the numbers were historically high, the trend wasn’t as strong when viewed in relative terms, given the fact that the overall workforce has grown in recent years, Dares said.
A growing number of people in many countries left their jobs during the covid-19 pandemic as skilled workers begin to re-evaluate their careers and life choices – a phenomenon one American management professor has dubbed the “great quit”.
Dares said the latest French figures did not indicate a decrease in the workforce of this magnitude.
He said the quit rate in the eurozone’s second-largest economy stood at 2.7% in the first quarter of 2022, the highest since the 2008-2009 financial crisis but below the 2.9% level that he had reached just before.
“In the current context, the rise in the resignation rate therefore appears normal, in line with the economic recovery of the covid-19 crisis,” he said.
Tensions on the labor market, where the bosses of certain branches such as construction or the hotel industry are finding it increasingly difficult to recruit enough staff, have fueled the trend, resulting in employment opportunities for many employees.
“The bargaining power is changing in favor of employees,” said Dares.