Up to 67% of US Employees Could Be Quiet Quitting. How They Impact Your Business?

Millions of employees are putting in minimal effort to keep their jobs. This mindset of “quiet quitting” is becoming more prevalent than ever before. It also is impacting businesses across the United States.

Source: https://teambuilding.com/blog/quiet-quitting-statistics

What Motivates Quiet Quitters?

Quiet quitters typically blame burnout for their lack of motivation to perform better. For instance, layoffs and staffing shortages often result in the remaining employees taking on more of the workload. However, most are not being compensated accordingly.

Many managers expect the same productivity levels with the increased workloads. These unreasonable expectations cause many employees to feel unappreciated.

As a result, quiet quitters are losing patience with their employers leading these employees to prioritize their personal lives over their professional responsibilities.

Why Are Many Remote Employees Quiet Quitters?

Remote employees often have an easier time not going above and beyond in their roles. Many of these employees feel less connected to and involved with their teams.

A lack of clear work hours encourages many remote employees to be quiet quitters. Not understanding how much should be accomplished each day increases stress. Ongoing exposure to elevated stress levels typically leads to burnout.

How Do Quiet Quitters Impact Companies?

Employees who do not remain engaged in their work and perform their best decrease productivity. This lowers employee morale and here’s why.

Better-performing employees often feel the need to pick up the slack caused by quiet quitters. This typically leads to frustration and resentment. These high-performing employees often end up leaving for other opportunities. As a result, turnover and hiring costs increase.

What Can Managers Do to Motivate Quiet Quitters?

Managers must understand what motivates each of their employees. Examples include verbal recognition, stretch assignments, and additional paid time off. Rewarding employees in the manner they desire promotes engagement and productivity.

Talking with each employee in one-on-one meetings, on a regular basis, helps uncover how they feel about their jobs. Managers can discuss each employee’s pain points and collaborate to find solutions. Making changes encourages employee engagement and productivity.

Providing constructive feedback encourages employees to improve their performance. Sharing what an employee did well, and specific steps to improve can promote desirable results.

Remaining empathetic during employee conversations is imperative. Many employees are facing personal challenges that are impacting their work. Providing support through increased work-life balance, access to therapy, or career advancement opportunities encourages employee engagement and productivity.

Need to Add Professionals to Your Team?

Quiet quitters put in minimal effort to meet their job requirements. This causes other employees to pick up the slack. When these better-performing employees become frustrated and resentful, many find opportunities elsewhere. As a result, turnover and hiring costs increase.

Managers should use customized tactics to help their employees stay engaged in their work. Managers also can talk privately with employees who are not performing their best to uncover the reasons, resolve the issues, and provide support.

For help adding professionals to your team, partner with Casey Accounting & Finance Resources. Find out more today.

 

Management Tips to Ensure Your Team is Actively Engaged

The level of engagement an employee has demonstrated how committed they are to your company and its success. It also shows how motivated and emotionally invested they are in their work. An employee must be motivated to work toward a goal in line with its vision and committed to the same values as the organization to remain engaged. As a result, the higher employee engagement is, the greater your company’s success. This is why you must work to maintain engagement among your team members.

Implement these tips to ensure your accounting and finance team remains engaged in their work.

Get to Know Your Employees

Learn all you can about your team members. For instance, find out about their families, hobbies, and interests. Also, discover what motivates them to perform their best. Additionally, ask what keeps them invested in the company’s future. Plus, uncover how they’d like to expand the business and increase its success. Use this knowledge to create a positive, productive work environment.

Set Goals

Create individual and team goals that are both challenging and realistic. This provides a sense of direction for what needs to be done and where your team members should focus their energy. Be sure to include milestones along the way to measure both progress and success.

Offer Growth Opportunities

Provide opportunities for professional growth. For instance, create stretch assignments that increase team members’ skill sets. Also, encourage your staff to develop and implement ideas to increase efficiency within the department. Plus, offer additional training and coaching in line with promotions.

Maintain Communication

Keep the lines of communication open with your team. For instance, encourage open discussion about problems as they come up. Work together to find solutions. Also, ask for employee feedback to improve your performance. Additionally, keep your staff updated on company news and developments.

Promote Autonomy

Let your teamwork as independently as possible. This shows you trust them to complete their tasks without being watched over. Ensure you clearly communicate what needs to be done and make yourself available to answer questions. Also, regularly check in on your team’s progress to see how they’re doing and provide feedback. Plus, encourage them to learn from their mistakes and do better next time.

Recognize Achievements

Acknowledge individual and team accomplishments. For instance, thank your team members for their efforts. Also, point out how individual contributions led up to a finished product. Provide monetary rewards for major achievements.

Hire Engaged Accounting & Finance Professionals

The promotion of employee engagement is one key to your accounting and finance team’s success. Engaged team members produce at higher levels and remain with your company longer. Setting goals, maintaining communication, and promoting autonomy are three ways to encourage engagement.

When you need to add engaged professionals to your team, partner with Casey Accounting & Finance Resources, we provide high-performance candidates who will make strong contributions to your company. Find out more today.

Recognizing Mistakes Can Positively Impact Employee Performance

Employees make mistakes from time to time. Perhaps they don’t clearly understand what you want them to do.  Maybe they didn’t thoroughly consider all the information or potential results before making a decision. When mistakes occur, it’s your managerial duty to decide how to handle the situation. You need to take steps that involve the employee’s input for finding a solution and creating lasting change in their behavior.

Follow these suggestions to effectively talk about employee mistakes and improve performance.

Ask Questions

Come up with questions aimed at changing future behavior. For instance, “If we did this project again, what could we do differently to change the results?” Or, “How could I have better supported you and your team?” Ask the employee to get back with you the next day with their thoughts. This encourages them to focus on finding solutions rather than a new job.

Provide Feedback 

Give the employee feedback about the problem. They may need more information about a situation in order to change their behavior. Use “I” statements rather than “you” statements. For instance, instead of saying, “Can I give you some feedback?” say, “Here’s my reaction.” Rather than suggesting, “Here’s what you should do,” try, “Here’s what I would do.” Instead of saying, “You should do X” when asked for advice, respond with, “What do you feel you’re struggling with, and what have you done before that worked in a similar situation?”

Use the 8D Model

For a higher-level mistake, implement the 8D Model to modify employee behavior. The D stands for discipline, meaning an area of study or influence. This model encourages the team to understand the problem and provide an answer. Begin by planning the time, people, and resources required to resolve the issue. Choose individuals with diverse skill sets and product/process knowledge. Define the who, what, where, when, why, and how of the problem. Create and implement a temporary solution to contain the issue. Use tools such as cause-and-effect diagrams to determine the root causes of the problem. Create a permanent, systemic solution that addresses the root cause. Implement the corrective actions, then verify their effectiveness. Focus on areas of the solution that need work, then modify practices, procedures, and management and operation systems to address potential issues in the future. Recognize your team’s efforts in solving the problem.

Improve Employee Performance

Your employees won’t change their ways if you simply tell them what they’re doing is wrong. You need to ask questions, provide feedback, or use another effective method to enhance employee behavior and bring about lasting change.

When you need to hire top accounting and finance professionals in Rolling Meadows, turn to Casey Accounting & Finance Resources. We match you with candidates who have the skills and experience needed to solve problems. Get in touch with us today.

Employee Retention: Best Practices to Keep Your Employees Engaged

Employee retention is a big talking point at companies in every industry, with HR managers and other department heads trying to find new ways to keep employees – especially their most talented ones – from jumping ship. Part of employee retention is keeping employees engaged in what they are doing. If you are perplexed by poor employee retention and grumbling unhappy workers, your organization could be in trouble without prompt action.

Here, we will discuss the best practices to keep your employees engaged so they stick with your company and stay productive.

Commit to Open Communication

Let employees know what their jobs require and why their jobs are important to the success of the company. Make sure employees know that collaboration is welcome, especially when it comes to completing projects. Your company’s leaders must also encourage employee feedback and listen to it. Treat your temporary employees the same way and respect their ideas and contribution to the company goals.

Take Advantage of Social Media

Your company can create a safe place for employees to discuss issues within the industry with their co-workers by taking part in debates and other discussions. You could also create a Facebook page for new additions to your company where they can interact with each other prior to their first day on the job. They can also use the group to discuss how their first couple of months have gone at the company.

Create a Culture That’s Intentional

Creating an intentional culture is actually a good way to make sure that employees know how they are expected to act at the office and how the company wants them to fit in with others when it comes to their values. There is no reason to hide the corporate culture from employees. Hang posters, send newsletters, discuss it in meetings and write emails that explain the culture and the company’s values.

Support Employee Career Development

Employees want to know that they can climb the corporate ladder without having to switch employers multiple times. They do not want to get stuck in a dead-end job. If you want to keep your employees engaged, and in-house, make sure they have a defined career development path. Create learning opportunities and have a mentoring system in place for skills transfer.

Take one or two of the tips outlined above and put them to work for your company so you can keep employees engaged. The effort will be well worth it because of higher productivity and employees who will be more loyal to your company.

Casey Accounting & Finance Resources is a trusted staffing firm that provides innovative and creative solutions. Contact us today and see how we will exceed your expectations as one of the top finance recruiters in Chicago.

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