5 'Quiet' Workplace Trends CFOs Should Be Aware Of

Posted on 29 March 2023

​Originating from the pandemic years, "quiet" developments have come to represent the changing balance of power between workers and employers. Policies like as return-to-work efforts and wage transparency have a significant influence on how individuals in all sectors are employed. Considering these concerns, as well as external pressures like as talent shortages, a looming recession, and general challenges in assessing productivity, the employee-employer relationship is becoming more tense.

Patterns have started to emerge as both CEOs and people change positions more often.

The buzzwords around the trends have grown, whether it is quiet resigning, quiet recruiting, quiet firing, quiet promotion, or quiet prospering. Although certain trends may seem obvious, others have importance that CEOs trying to build their businesses should be aware of. Gen-Z employees, in particular, have stigmatised the once-admired "hustle" mentality, and as a consequence, they have contributed to the rise of "quiet" tendencies.

Trend No.1 - Quiet Quitting

Silent resigning, or doing the absolute minimum to maintain the status quo, was one of the first to acquire popularity. Quiet resignation was regarded as a severe issue in CFO's 2023 outlook study, with 76% of CFOs characterising it as a concern. Employee disengagement may cost businesses up to $500 billion.

Leaders must find a method to balance productivity, engagement, and morale when they implement return-to-work rules, budget cutbacks, and layoffs to prevent silent resignation among their employees.

Trend No.2 - Quiet Hiring

CFOs should be wary of "silent recruiting," which gives leaders the capabilities they need to succeed without increasing operational expenses. Hiring managers use the trend to gain skills and productivity without adding additional full-time workers. Hire temporary workers for certain jobs and enhance existing employees' daily duties.

Outsourcing work has advantages, but depending on freelancers or existing staff to do extra work might hurt the organisation. Quiet hiring has two key downsides. First, freelancers are less inclined to go the additional mile than full-time workers, and overloading existing personnel may lower morale and increase turnover.

Trend No.3 - Quiet Firing

Some organisations have adopted a tactic known as "quiet termination," which involves making management decisions that raise the possibility that an employee would leave on their own initiative. Whether done on purpose to get rid of a troublesome employee or as a result of bad leadership, this behaviour is not new and is very widespread in the workplace.

Quiet firing is simply a fancy term for employers reducing headcount or pushing out unwanted workers — without necessarily having to fire or lay them off. It may be in response to some employees' questionable entitlement during their 'villain era,' or it may simply be a way to eliminate unproductive employees.

Trend No.4 - Quiet Promoting

A promotion is a watershed event in a person's career, and it is frequently accompanied by a new job title and higher pay, as well as more duties. The term "quiet promoting" refers to a worker who receives simply the additional duties of promotion but not the title or remuneration that comes with it. For example, this is something that over three-quarters of American workers claim to have encountered, according to the survey conducted by JobSage, the employee-review platform.

Executives and recruiting managers should pay attention to job titles that fit work tasks in order to guarantee staff that additional responsibility and productivity will not go unrecognised or unrewarded. Leaders may also promote open communication and training for managers who are concerned that they are giving particular staff too much work without providing enough appreciation.

Trend No.5 - Quiet Thriving

"Quiet thriving," a phrase invented by psychotherapist Lindsay Aldermann, urges people to make active modifications to their workweek to avoid mental exhaustion. This proactive trend is one of the few with a win-win outcome for both businesses and workers.

Managers may urge their workers to look for ways to make their days more meaningful and less regimented. Quiet thriving may result in more loyal, devoted, and happy workers by doing things like joining a work-related club, advocating for a cause, or developing friends in the office.

Have you noticed any of these trends in your organisation?

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