2023 is here and with it comes a new
workplace phenomenon called quiet hiring.
We kept on hearing about quiet quitting.
Now we've got quiet hiring here
to talk about that and how it may
impact you and your job is money
and business expert Derek Kinney.
So Derek, I think a lot of people
have heard about quiet quitting.
So tell us, what exactly is quiet hiring?
Actually brings on a new set
of skills without hiring new
people to do those skills.
And here's the concern as we go into 2023,
there is a big worry in the back of HR
people's minds of if we have a recession,
we may need to actually cut jobs
as opposed to hire more people.
But we still need the company
to be nimble and grow,
and so tapping people within
the organization to learn new
skills is the new way to do it,
OK? And so it helps out the employer.
We can easily see that that seems like it
could help the employee as well, because,
Derek, we've talked about this before.
The more marketable you can make yourself,
the more useful and
indispensable you make yourself.
The further down that list you
fall when it does come time,
perhaps, for layoffs. Well,
that's exactly right.
And what this allows people to do is
it's a new doorway of opportunity.
Now, many people may feel overworked,
overlooked, underpaid right now.
And if their boss comes and says, hey.
Could you do one more thing?
If it's positioned the wrong way,
they may take it the wrong way.
But smart bosses right now can take
a lesson from Jason and I do this.
Engage your employees and say, look,
this could be another rung on the
ladder of your corporate journey.
If you help us with this,
it's a new skill that will
help make you more marketable,
earn you more money,
and give you greater responsibility
in the future.
That could be an offer that you can't refuse.
Let me ask you this.
Why is it that? Companies are
looking at doing this right now.
You know, we heard so much concern
about recession coming into this year,
it seems like some of those fears
have backed off a little bit.
Is this just, you know,
that they're looking out on a
pretty long horizon here and
seeing that maybe it will happen?
Well, they want to play it safe.
And we see a mixed bag right now.
There's some economists that say, look,
inflation is actually pulling back a bit.
We might see the economy have a soft landing.
But one thing people often overlook,
Jason, is job losses are typically
the end of a sorry economic cycle,
meaning that people wait and
they wait to lay people off and
cut jobs until the very end.
And so we may not have seen the
worst personally for people.
So companies right now, I think,
are being proactive as they look.
We still want to grow.
We see 2024 and beyond as being
better than this year.
We want to make sure that we're prepared
to take advantage of that and aren't
caught behind the 8 ball and our
team is not equipped for the future.
And Derek, we keep on seeing this
persistently healthy jobs market,
which is enticing some people
to go ahead and make that jump.
Still, if someone is thinking
about changing jobs,
how does quiet hiring impact them?
Well, first of all,
the grass typically has never ever greener.
There's still weeds over there.
There's still things that need to be pulled.
You want to keep it as an option and
always think about what the culture
is you're leaving and going to.
So many people think just because I
get paid more means I will like my
job more and that is typically wrong.
So you want to ask your boss and say,
look, I've got another offer over here,
what is it about this company
that can keep me in?
Keep it in line with the goals I've got and
if quiet hiring could be that opportunity,
maybe there's a new project or
a new opportunity, new training.
You could take that suddenly.
Now, reinvigorate you in your current
job and it makes you more marketable.
It could be the ticket to stay
where you're at and make your
own grass even greener.
Or it could make you more
marketable in the future.
So grab that training while you can,
especially if they're willing to pay for it.
And and then maybe it pays
off even more down the road.
Derek, some great advice here.
A quiet hiring is a thing now.
Appreciate it, man.