Getting new employees to fill company needs can be a difficult, expensive, and time-consuming task. Not only that, sometimes there is a possibility that newly recruited employees are not fully skilled or compatible with the company culture, which means they require additional time to integrate. That's why the quiet hiring strategy has become popular among companies.
Quiet Hiring is a concept where companies fulfill their needs by seeking solutions outside of direct recruitment of new employees. This could mean hiring contractors or encouraging existing employees to take on new roles and develop new skills. Quiet Hiring can help companies save time and costs while ensuring that their needs are met.
According to a survey conducted by McKinsey, around 55% of all companies worldwide use quiet hiring strategies to fill vacancies or acquire new skills. Moreover, the survey indicates that companies that effectively implement this strategy can benefit from improved efficiency and better quality of work.
One of the biggest advantages of quiet hiring is lower costs. Companies do not have to pay expensive salaries and benefits for new employees, such as health insurance and pensions. Additionally, companies do not have to spend time and money on finding, screening, and training new employees. Instead, the company can focus on strengthening the skills of existing employees to meet company needs.
However, quiet hiring also has some challenges. For example, the company may need to incur additional costs to train existing employees to take on new roles. Additionally, existing employees may not have the necessary skills, which means they need to learn new skills. Employees may also feel pressured or uncomfortable taking on new roles, especially if they are already feeling fatigued from their current work.
Several leading companies have successfully implemented quiet hiring strategies. For example, the world's largest technology company, Google, often relies on contractors to fill temporary vacancies or projects that require specific skills.
In addition, the technology company Adobe has also adopted quiet hiring to fill technical vacancies without having to recruit new employees. They also offer training and career development to existing employees to meet new needs.
In a rapidly evolving work world, companies must be able to adapt quickly to meet their needs. Quiet hiring can be an effective solution for acquiring new skills and saving costs in the long run. However, companies must also consider the needs of their employees and find ways to prioritize their well-being in the process.
In the implementation of quiet hiring, placing new responsibilities on employees can trigger well-being concerns, especially if employees experience excessive workloads, which can lead to burnout and unproductivity.
Mindtera, as a workforce advisory and Employee Assistant Platform (EAP), is here to help leaders and organizations build a sustainable workforce to achieve 100% good well-being, 100% workforce productivity, and 100% manpower efficiency.
Mindtera promotes the improvement of employees' emotional and social intelligence in line with SDGs and ESG initiatives. Using neuroscience-based metrics, certified international expert coaching, and EAP to support the improvement of work quality and the lives of 143 million workers in Indonesia. Learn more about how Mindtera can #EmpowerPeople in your workplace.