Originally posted on 20 March 2023 | By Rob Porter
Whether we’ll see a substantial economic downturn this year or not, companies continue to trim costs in the expectation of disruption. Much of the cost-cutting is in the payroll department. For instance, a rollback of new hiring made since 2020, deemed excessive. Some are cutting into core roles and business functions.
At the same time, some industries — notably health care — are facing a labor shortage. Between these two trends, the incentives for organizations to get creative in filling their critical roles is mounting. The age-old solution, managers getting their existing (or remaining) employees to take on more responsibilities, has been dubbed “quiet hiring.”
Read the full article at Training Industry.