A quitting slowdown is welcome news for employers, but low engagement and morale are still big challenges.
A souring economic picture is driving fewer people to quit, but they may end up quiet quitting instead.
Still, having to replace 1 in 4 workers is a considerable task for managers to find solutions to keep people from walking out the door. Most employers think pay is the biggest reason causing people to quit, especially in an inflationary environment, followed by limited opportunities to advance, according to the Payscale report.
Most employers, 55%, aren't concerned about quiet quitting, according to Payscale, with managers saying the term is "mislabeled work-life balance and that as long as employees do the job they were hired for and deliver the requirements outlined by their manager, it is not 'quitting' in any sense of the word," per the report.
"I don't think quiet quitting is going away in 2023, especially if we're in a recessionary environment that causes more layoffs," she said in a press briefing with reporters. "When workers are let go, it increases the burnout or potential burden on folks who are still there."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD continues to struggle above $1,840 as yields soar ahead of Fed minutesGold price (XAU/USD) is displaying a lackluster performance above $1,840.00 in the Tokyo session. The precious metal is gauging a direction, however,
Read more »
Advice | Carolyn Hax: Parent worries about only child’s connections to cousinsAdvice: A couple fears their nieces’ and nephews’ lackluster efforts to stay in touch will eventually leave their son without extended family.
Read more »
Arizona legislative panel to consider $10,000 raise for teachersFor Star subscribers: A GOP lawmaker is working to boost salaries for Arizona teachers, who are among the nation's lowest paid. Another proposal would subsidize health insurance for teachers' dependents.
Read more »
Ohio senators raise alarm on cancer-causing chemical potentially spreading in East PalestineOhio Sens. JD Vance and Sherrod Brown asked environmental officials for more information regarding the potential spread of a cancer-causing compound in eastern Ohio.
Read more »
Home Depot says it will spend $1 billion to give hourly workers a raiseHome Depot is the latest retailer to signal that the labor market is still tight.
Read more »
Crypto startup attempts to cash in on AI hype with bid to raise $7.5 millionA recently launched crypto startup whose IMGNAI token ballooned in value off the back of ChatGPT’s success is now seeking venture capital backing.
Read more »