Is the “Great Resignation” slowing down, or is it evolving? According to the SCE Labor Market Survey, the number of U.S. employees changing jobs declined to 4.1% in July 2022, from 5.9% in July 2021. But “The Great X Report” by Michael Page found that 74% of employees in the Asia-Pacific region were considering quitting in the next six months. And a global report by McKinsey found that 40% of employees are planning to leave their jobs—a figure that’s remained unchanged since 2021.
The question is, if the number of employees considering quitting has remained high, then why is the percentage of employees actually changing jobs falling? That conundrum is at the heart of the workplace phenomenon “quiet quitting.”
First brought to global attention through a viral TikTok video—which clarifies that this trend is predominantly being discussed among younger generations—and since reported on by a large number of major news outlets including Fortune and the BBC, quiet quitting isn’t quite as simple as its phrasing suggests. Rather than resigning in a sudden and surreptitious manner, as the term implies, quiet quitting instead refers to an employee making a conscious, concerted effort to scale back their output at work. No late