Description: Some are calling it ‘career shock.’ The Covid-19 impacts such as shifting to work at home, being laid off, or seeing colleagues and friends laid off, has forced employees towards deep reflection about the future of their own careers. In the United States they’ve given a name to the phenomenon of workers in low-wage environments seeking greener pastures in these unusual times: the Great Resignation. Anil Verma of the University of Toronto offers that some of this movement was already underway prior to 2020, but the pandemic has both “magnified” and “accelerated” trends in rethinking work.

Date:  November 6, 2021

Source:  cbc.ca

 Link: https://www.cbc.ca/news/business/covid-19-pandemic-workplace-relationship-trends-1.6237153

Discussion points:

1) Have you experienced career shock?

2) As you look forward to your graduation, how do you think the lessons of career shock might impact on your career?

3) In Wiley’s Managerial Accounting: Tools for Business Decision-Making, we are introduced to the concept of the balanced scorecard (see the section beginning on page 12-24.) As you consider the four most commonly used perspectives in the balanced scorecard, where would organizations be most likely to account for how they responded to career shock?