Quiet hiring allows companies to acquire new skills without bringing on new full-time employees. It’s often accomplished by moving employees to different roles or having them take on new projects outside their job descriptions that stretch their skills, according to Emily Rose McRae, senior director analyst in global research company Gartner’s HR practice. It’s meant to strategically address acute immediate business needs.

via @ChicagoTribune

As employers grapple with a talent shortage and uncertainty over where the economy is headed, a growing number are turning to quiet hiring. They’re also doubling down on the traditional tactic of grooming talent from within.

This is reflected in job openings. Through August this year, U.S. companies announced plans to add 135,980 positions, plummeting from the 783,074 new positions announced through the same period in 2022, Chicago-based outplacement firm Challenger, Gray & Christmas Inc. reported.

Employer Offerings from the Fall 2023 Challenger HR Trends Survey

In order to attract workers, 55% of employers report offering leadership development opportunities, in the latest survey, fewer than last Spring, but up 19% from Fall 2022. Another 24% of employers are offering mentorship programs, up 41% from the Spring survey.

From the Challenger Gray & Christmas HR & Workplace Fall 2023 Trends Survey

From the Challenger Gray & Christmas HR & Workplace Fall 2023 Trends Survey

 

SVP Andy Challenger is available for interviews on the job market, economy, and job search process. Please contact Colleen Madden Blumenfeld for more information.

Contact Challenger for Media Inquiries