According to Forbes, the phenomenon of quiet hiring is with us. One of the top workplace predictions for 2023, its rise is hailed as the answer to budget restraints in a competitive hiring environment.
What is quiet hiring?
Acquiring new talent to fill skill gaps is costly, so it makes sense to make the best use of the people you already have. By equipping and appointing existing employees to take on additional responsibilities beyond their current job description, a company can flexibly and efficiently fill positions from within.
Why isn’t it a new concept?
Smart employers have always known the benefits of quiet hiring.
- Your people already know the nuances of your company culture and how things work – they’re already up to speed in ways that induction day can’t cover.
- They’re likely already engaged with and invested in your purpose and vision.
- You don’t have to spend time and money finding the right people, they’re already with you.
Just as the quiet quitting and quiet firing trends were already deeply rooted in a constantly evolving work culture, quiet hiring is also hardly a new concept. Its rising prevalence and press coverage is going to push it to the fore, however, so it cannot be ignored.
In next week’s breakfast bites, we’ll look at the demands this will place on your people strategy and how you can meet them with confidence