Quiet quitting—a term that went viral thanks to TikToker Zaid Khan in a video romanticizing the work/life balance—refers to the idea of not outright quitting your job but quitting the idea of going above and beyond.
But to experts, this idea is not new at all. Quiet quitting is just a new phrase for disengaged employees.
Disengaged employees and lost productivity is almost a half a trillion-dollar problem in the US alone, according to data from the Workhuman and Gallup Employee Wellbeing Report.
To avoid employee disengagement, employers need to make sure they’re investing in employee engagement, and collaboration with the CHRO is key to doing that economically and effectively.
Employees that are being recognized at work are 10 times as likely to strongly agree that they belong in their organization. Conversely, employees who lack a strong sense of belonging are 12 times as likely to be disengaged, and five times as likely to look for another job, the study found.
Salary is an important piece of the puzzle when it comes to keeping employees happy. When they are fairly compensated, they’re often more engaged and have better morale.
The current macroeconomic climate has proven that we are in an employees’ market and a Pearl Meyer survey of corporate leadership earlier this year indicated that up to one-third of companies are feeling the pressure to pay more at the mid-year mark.