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Quit rates are declining. In the US, they've normalised to
pre-pandemic levels – seemingly bringing an end to the Great Resignation.
Hiring has similarly cooled. In the UK, the number of job vacancies has dropped
every quarter for the past year, reports BBC.
Now, in the current labour market, demand for jobs vastly
outstrips supply. June 2023 LinkedIn research shows hiring has dropped by 20.9
per cent in the US and 22.5 per cent in the UK year-over-year. At the same
time, workers' job search activity is surging. LinkedIn data, seen by BBC
Worklife, shows a 150 per cent rise in job applications in the UK in July 2023
compared to a year ago. In the US, there's also been a 35 per cent spike in the
number of applications per candidate.
Experts say some workers are happy to stay in their jobs:
many have found new roles they're excited about after reshuffling throughout
the past few years. But not every worker is staying put of their own volition.
Some workers still want to quit, but with a slowdown in hiring and uncertain
economic forecast, they may be trapped in jobs they don't like for the
foreseeable future.
"Through the Great Resignation and hiring crisis,
changing roles has been like a game of musical chairs," says Nela
Richardson, chief economist at HR management firm ADP, in New York. "Over
time, more jobs have been steadily removed from the market. Now, there are
fewer places for workers to sit than before – more people have to stay where
they are."
This includes dissatisfied employees. During the height of
talent shortages, disgruntled workers could more easily vote with their feet,
job hopping or industry switching to find roles they enjoyed. "When people
feel they're not in an inspiring job, and see opportunities elsewhere, they'll
likely look to get their career needs met with another employer," says Jim
Harter, chief scientist for workplace management and wellbeing at Gallup, based
in Nebraska, US.
But now, with few job prospects, these workers may not be
able to quit – so they ‘quiet quit' instead. According to June 2023 Gallup
data, most employees are already doing just that: 59 per cent of 122,416 of
global workers say they're not engaged at work.
There are many reasons why workers may be disengaged right
now, say experts.
For one, cost of living and stagnant wage growth have meant
more employees are unhappy with their salaries. "Pay is often the number
one reason for someone to feel unhappy with their current job – you're working
just as hard, but your wages aren't going as far," explains Richardson.
A large swath of workers is also stuck in jobs they
fundamentally don't care about. The fact they want a new role but can't get one
leaves them feeling frustrated, stuck and without agency. So, without
job-market mobility, "[they] stay simply out of a lack of choice, rather
than because they feel fulfilled and motivated by their role", says Ngaire
Moyes, UK country manager at LinkedIn, based in London.
This is where quiet quitting comes in. "Most people
quiet quit because of the nature of their work," says Harter. "They
do the minimum because they're uninspired in their work and don't feel they
have the opportunity to do what they do best."
In some cases, companies may be unwittingly adding to the
problem.
Harter says an organisation's lack of personal investment in
their workers often drives quiet quitting. And in a labour market that is
currently favourable to companies, employers may have even less motivation to
engage these workers. "Some employers may now think they have greater
control, in that workers have fewer opportunities elsewhere, so they don't
place as much effort in inspiring their teams," he says.
For employees, being stuck in a job they don't enjoy is
unpleasant at best, harmful at worst. And quiet quitting doesn't help.
"It's a behaviour that can lead to lower levels of wellbeing over
time," says Harter. "In practice, going into a cocoon and doing the
bare minimum for most of your waking hours can have a negative impact on mental
health. And it isn't a way of building a successful career."
For all the adverse effects on employees, this ongoing issue
is also a big problem for companies, since worker disengagement can cost them
in lost productivity. Experts say the firms themselves should have a vested
interest in engaging their workers. Simply, they have a role in breaking this
proliferation of quiet quitting: if businesses don't make conditions better for
workers, a growing number of their employees will persist in doing the bare
minimum – until they can actually quit.
One piece of this puzzle, says Richardson, is making sure
workers feel supported and prioritised like they did during the pandemic, when
wellbeing packages were designed for remote working, and companies placed a
greater emphasis on employee mental health.
"During the hiring crisis, many employers did more to
keep their workers, offering greater flexibility and mental health breaks. But,
as talent shortages have eased, some organisations may have retreated on those
offerings. Yet a key reason why someone quiet quits hasn't changed – and that's
down to company culture."
In times of economic stress, such as the rising cost of
living, Harter says employers also have a duty to acknowledge workers' broader circumstances
and engage them at work even further. He cites Gallup figures indicating that
engagement is also impacted by crises outside the workplace. "During tough
times, building the right organisational culture is even more crucial in
determining employees' discretionary effort," he adds.
The reality for most workers is that they may have to remain
in their current roles, whether they like them or not. And, unless companies do
more to engage unhappy employees, many will opt to quiet quit on the job.
/KN/
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