How 'Quiet Hiring' Can Control Costs and Retain Key Skills

How do organisations navigate the battle for talent, an exhausted workforce, and the need to control costs in the face of an impending economic downturn?

Based on Gartner research 9 Future of Work Trends for 2023, one prediction that stands out is the concept of "quiet hiring" to acquire in-demand talent.

In 2022, the concept of "quiet quitting" gained attention, where employees disengaged and only performed the minimum requirements of their jobs. This phenomenon led to organisations retaining people but losing valuable skills and capabilities.

In 2023, forward-thinking organisations flip the script and embrace "quiet hiring" as a strategy to acquire new skills and capabilities without increasing full-time headcount. This approach manifests in several ways:

1.      Encouraging internal talent mobility by deploying employees to areas where their skills are most needed. To recognise their evolving roles, organisations can offer one-time bonuses, raises, additional paid time off, promotions, greater flexibility, and more.

2.      Providing specific upskilling opportunities to enable employees to meet evolving organisational needs effectively.

3.      Leveraging alternate methods, such as alumni networks and gig workers, to bring in individuals with specific skills for high-priority tasks when new full-time hires are not feasible.

Are you ready to embrace "quiet hiring" and unlock new skills and capabilities in your organisation?