What’s going on:
Data published by Gallup reveals that “quiet quitting” is costing the world’s economy around an estimated $8.8 trillion per year. The trend emerged during the pandemic when companies struggled to hire enough people to handle increasing workloads.
Why it matters:
Quiet quitting reveals the underlying issues in the workplace that could lead to employee disengagement and dissatisfaction. The trend impacts both workers and the workforce, as it results in decreased productivity, customer loyalty, and profitability, while increasing absenteeism, turnover, and shrinkage, according to Gallup.
How it’ll impact the future:
If quiet quitting continues, organizations will need to address the root causes of employee disengagement and dissatisfaction, which reportedly stem from poor management and leadership. By focusing on building thriving workplaces and developing better managers, companies might be able to improve employee engagement and overall workplace satisfaction.
Addressing the issue of quiet quitting will likely require a shift in organizational culture and priorities. This could lead to a more engaged and productive workforce, benefiting both employees and organizations in the long run.
