16 May Thanks for the update, LI.
Music & lyrics created for me by @everged. Video generated by me on Canva.
“Ultimately I think the next phase is ‘loud staying,’” said Sara Causey, owner of Causey Consulting, LLC. “I was alive and well during the Great Recession and whatever you needed to do to keep your job, you did it. If that involved staying late or working on projects you loathed, you did it. At that time, I was working for a company where people called and walked in on a daily basis looking for work but there was nothing to offer them. If we see unemployment tick up — which I believe we will — people will not only settle in at work but will become overt about wanting to stay.”
–https://www.yahoo.com/lifestyle/quiet-quitting-trend-over-140008899.html published on February 17, 2023.
Move over, The Great Resignation, a new workplace trend called the “Big Stay” is emerging, resulting in fewer employees quitting and fewer job openings, Insider writes. New data from ADP’s Research Institute found that although there were 9.6 million job vacancies in March, openings overall have gone down 20% from the 12 million in 2022. And in the first three months of 2023, the amount of people who quit their jobs only decreased 5%. Still, experts tell Insider that job hopping hasn’t necessarily changed for blue-collar workers, and The Great Resignation could always reemerge.
–https://www.linkedin.com/news/story/entering-the-era-of-the-big-stay-6294042/ published on May 14, 2023.
Wow. Thanks for that breaking news update, LOL.
- March’s quit rate was 2.5%, less than the 2.9% a year prior; and monthly job openings are shrinking.
- It may be accurate to say the quitting situation is evolving into the “Big Stay,” per ADP’s chief economist.
- Another economist called what’s happening as “The Labor Market’s Settling Down Period.”
In some respects, it’s a miracle that MSM outlets are even reporting such a thing (finally) considering that you are still expected to believe the US unemployment rate is 3.4%. 😒
🔮 Prediction alert 1: this is the slow burn build-up to the announcement of, “Uh-oh, everybody. Turns out the labor market isn’t blazing hot anymore. Turns out that unemployment rate is goin’ up.” And they will spin it like it is a complete and utter surprise – as though no sane, rational person could have seen it coming from 10 miles down the road.
🔮 Prediction alert 2: this is part of the RTO saga.
This headline is not unrelated:
Articles published within a 48 hour period that all point in a similar direction. Methinks this is not a coincidence.
“The latest data from New York City’s office market shows that while building visits are higher, the number of workers returning to the office has stalled.
Many CEOs had hoped after putting RTO mandates in place, some like Disney as much as four days per week, the debate would be over.
But the data in key markets like NYC shows that workers are holding out, and experts say part of the issue is leaders have not done the best job of enticing their employees back.” -CNBC, Ibid.
The enticement will be: c’mon back and do as you’re told or get cast out on the ice of Gotham. Simple as that. You can hold out when you’ve got food in the larder and money in the bank, but once that dries up, what then? You RTO in order to have a paycheck and once you’re there, you get real loud and compliant about staying put.
“‘It’s dangerously risky to take a my-way-or-the-highway approach,’ said Yolanda M. Owens, a career coach with The Muse, an online career platform. Flexibility is especially important when recruiting for difficult-to-fill roles and in jobs where competitors continue to offer hybrid or remote-only positions, she said.” -CNBC, Ibid.
Yep. This is the talking point that people in HR and staffing are supposed to deliver. And if I did that, I’d probably have 10x the amount of media exposure I get and I certainly wouldn’t be shadowbanned on certain platforms. But ya see, I sleep a lot better at night when I feel that I’ve spoken the truth as I see it. As I’ve said before, things like flexibility and employee perks are important in a boom cycle. In a bust cycle, simply having a g*dd*mn paycheck is what’s most important. Why is this so hard for pundits and commentators to understand?! I’m not gonna sit here and blow smoke everywhere and tell people, “Oh, wowee zowee. Being a hardliner is really gonna hurt a company’s recruitment efforts.”
No, it won’t.
I don’t know what the true unemployment rate is right now, but I do know there’s no way in hell it’s as low as 3.4%. I also know that candidates who’ve been laid off are sitting on the job market for longer than they expected. If we have another Great Recession 2.0, which I hope and pray that we do not, I cannot fathom everyone having a nationwide strike against RTO. The available jobs will have stiff competition and the cronies in Corpo America will absolutely love putting the plebs through their paces to “earn” said jobs.
“When companies don’t offer a rationale or tie the return to business objectives, there can be meaningful ramifications. She [Janine Yancey] offers the example of a small technology company that took a sudden, inflexible stance on return-to-office. The company lost so many people in a short period of time that it had to backpedal, lowering its requirement for in-office days and allowing for more flexibility.” -CNBC, Ibid.
*sounds like anecdotal evidence, cough cough*
Without a company name or the link to a corresponding news story, we have no way of knowing if that’s even real. Assuming it’s true, we also don’t know what conditions the workers found when they started looking for jobs. My guess is that they got a rude awakening because it most certainly is not 2021 anymore.
“As Krawcheck said, going back to five days a week in the office, ‘worked for white men, not everyone, and certainly not women and under-represented groups.'” -CNBC, Ibid.
Sure. But Corpo America doesn’t care. Imagine me standing with a bullhorn shouting this in the city center: Corpo America does not care! 📢
“Before making widespread pronouncements, companies need to take a hard look at the reasons behind their decisions. Considerations include: what business imperatives require a stricter stance on in-office work? Is the decision related to productivity, collaboration or culture, or is it more arbitrary?” -CNBC, Ibid.
As I’ve written many times before, this is about power, obedience, conformity, and control. You RTO because you’re told to. You panic when you’re told to, you calm down when you’re told to. You care about war in X country but not about war in Y country because you’re told to. Neocons worship Corpo America and neolibs worship the state because they are told to. The RTO decision has eff all to do with productivity, collaboration, and culture, and Corpo America knows it. If most people wanted to go back to an office five days a week, the cronies wouldn’t be waiting with baited breath for The Fed to crash the job market even worse than it already is.
🤷🏻♀️ This information is not difficult to understand.