Employers who do not embrace hybrid work risk talent exodus and the rise of “quiet quitting”
Employers who micromanage their team's working patterns and locations risk losing top-tier talent to “quiet quitting”, a new study has revealed.
- A fifth of the workforce currently feels demotivated at work, posing a widespread threat to productivity levels
- Employees who lack flexibility over where they work are more likely to quiet quit than those who work hybrid, citing long commutes, micromanagement and inability to work from their chosen location as their biggest bug-bears
- Businesses that offer hybrid working are reaping the rewards, with 78% of hybrid workers saying it boosted their productivity levels
International Workplace Group—the world’s leading supplier of hybrid working solutions with brands including Regus, Spaces, and HQ in South Africa—explored the main reasons why workers are most likely to “quiet quit,” a workplace term used to describe employees who do only the bare minimum required by their job description.
More than half (57%) of workers said that they were more likely to “quiet quit” if their manager made them feel undervalued, micromanaged them, or did not provide the flexibility to work from a location that best suits their needs.
With 22% of the workforce currently feeling or having previously felt demotivated at work, millions of workers could potentially disengage from their roles or seek employment elsewhere if they do not feel empowered by their teams to work in a way that works for them.
However, two fifths (40%) of office workers are less likely to 'quiet quit' or become demotivated at work if their employers offer a hybrid model.
Workers are sending a clear message to current and potential employers: embrace the benefits of hybrid working, or risk losing talent.
Hybrid work helps employees feel empowered and satisfied
The reality for businesses that don’t offer hybrid, is that they will lose the best talent - with six in 10 (62%) hybrid workers saying they would consider leaving their job if required to return to the office five days a week.
Furthermore, 71% would decline a new job or position that involved a long commute, while 72% would only consider new roles offering the flexibility to work from any location.
In addition to boosting productivity levels (78%), hybrid working empowers employees to make decisions about their work schedules based on when and where they work best (92%) - one of the most important factors in preventing employees from quietly quitting.
Managing the future: How managers can prevent quiet quitting
For workers who currently lack the flexibility to work where they want, 55% believe they would experience greater job satisfaction and productivity if their manager or boss allowed them to work in a hybrid manner.
The research also identified the top three markers of good management as: promoting work-life balance, trusting workers to complete work from any location, and being approachable and open to conversations about new ways of working.
This is supported by academic research from Professor Bloom, a Stanford economics professor and world-renowned expert on hybrid working, who says that companies that offer this kind of flexibility can expect to see quit rates decline by as much as 35%.**
Mark Dixon, CEO of International Workplace Group, said: “This latest research from International Workplace Group highlights how businesses can tackle quiet quitting to maintain business productivity. The greatest boost to performance, productivity and employee happiness comes from freeing workers from the bind of a long, unproductive, and expensive journey several times a week to a city centre office where they complete tasks they could perform closer to home.
Businesses need to empower their employees to work when and where they are most productive. By giving employees this option, businesses are less likely to foster a culture with disengaged and unfulfilled workers.”
ENDS
About International Workplace Group PLC
International Workplace Group is the global leader in hybrid work solutions and workspace brands. We create personal, financial, and strategic value for businesses of every size. From some of the most exciting companies and well-known organizations on the planet, to individuals and the next generation of industry leaders. All of them harness the power of IWG’s hybrid working platform to increase their productivity, efficiency, agility, and market proximity.
International Workplace Group’s unrivalled network coverage includes approximately 4,000 locations across more than 120 countries and 83% of Fortune 500 companies are amongst our growing customer base. Through our brands including Regus, Spaces, HQ and Signature, we help millions of people and their businesses to work more productively. We do so by providing the world’s leading hybrid work platform with professional, inspiring and collaborative workspaces and digital services all available via the International Workplace Group app.
For more information visit: www.iwgplc.com
