Is Silent Sabotage Costing Your Company Thousands? Quiet
quitting and loud exits are silently draining businesses. Engaged
employees are vanishing, costing a staggering $8.8 trillion globally. Learn the key metrics to
identify unhappy workers before they walk (or quietly disengage)
and discover how to keep your top talent thriving.
ATLANTA, May 9, 2024
/PRNewswire-PRWeb/ -- A recent article by Michael D. Brown, Senior Managing Partner at
Global Recruiters of Buckhead, published in Forbes Magazine,
unveils a hidden threat to businesses: disengaged employees. Brown,
a leading expert in executive search and retention strategies,
dives deep into the phenomena of "quiet quitting" and "loud exits,"
exposing the staggering costs they inflict on companies.
One in three employers anticipate higher
turnover in 2024, and factoring in the cost to rehire and lost
productivity, this trend could cost companies annually anywhere
from $36,295 to a staggering
$100,000 per employee.
Key Takeaways from Brown's Research:
- Retention Crisis on the Rise: While the "Great Resignation" may
have grabbed headlines, 26% of employees still plan to quit in the
next year (PwC 2023). This trend, coupled with disengagement (18%
actively disengaged according to Gallup 2023), is costing companies
a staggering $8.8 trillion globally
annually in lost productivity and morale.
- Quiet Quitting vs. Loud Exits: Brown dissects the difference
between quiet quitters (those who do the bare minimum) and loud
quitters (those who openly express dissatisfaction). Both scenarios
ultimately lead to high turnover, with one-third of employers
anticipating even higher turnover in 2024.
- The True Cost of Turnover: Replacing employees is expensive.
Factoring rehiring costs and lost productivity, Brown highlights
estimates ranging from $36,295 to a
staggering $100,000 per
employee!
Global Recruiters of Buckhead Offers Solutions:
Brown emphasizes the critical need for proactive retention
strategies. His article outlines actionable steps companies can
take, including:
- Smart Recruiting: Hiring the right talent from the start
minimizes the risk of bad fits and disengagement.
- Re-Recruiting Top Performers: Proactively offer incentives and
opportunities to retain your best employees before they consider
leaving.
- Measuring & Analyzing Exit Data: Understand why employees
leave to identify areas for improvement in your company culture and
practices.
- Creating a Purpose-Driven Culture: Cater to the diverse needs
of a multi-generational workforce by fostering a culture that
prioritizes purpose and well-being.
Michael D. Brown, Senior Managing
Partner at Global Recruiters of Buckhead, concludes: "Retention
starts with understanding the problem. By measuring your metrics
and analyzing why employees leave, you can implement solutions and
turn the tide. Don't let quiet quitting or loud exits drain your
profits. Take action today!"
About Michael D. Brown
Michael D. Brown is Senior
Managing Partner and Head of Global Recruiters of Buckhead
Executive Search, Leadership Search, Sales and Marketing Search,
and Human Capital Coaching and Consulting Practice.
He's an accomplished Senior Leadership Executive and
award-winning author with 20+ years of experience across diverse
sectors: Oil & Gas, Food & Beverage, Retail, Leadership
Consulting, Talent Development, and Change Management.
About Global Recruiters of Buckhead
Global Recruiters of Buckhead, a Forbes
Top 25 Professional Search and Top 20 Executive Search firm.
Offering comprehensive solutions and services, including executive
search, leadership consulting and coaching, talent attraction and
retention strategies, and DEI consulting.
Beyond the limitations of transactional recruiting and
headhunting, our proprietary Unlocking & Unleashing Talent
Methodology fosters transformative, trusted partnerships with both
clients and candidates. World-class talent who seamlessly fuels
your organization's ultimate potential and drives competitive
results.
Media Contact
Steven Jackson, Global Recruiters
of Buckhead, 1 770-756-6779, MBrown@GRNBuckhead.com,
www.GRNBuckhead.com
LinkedIn
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SOURCE Global Recruiters of Buckhead