Quiet Cutting is also done in ways the article is not mentioning. We used to call them hiring freezes. In the mortgage industry where there are positions with higher attrition, they simply allow the employees to quit and they never rehire that position.
Isn’t this just standard operating procedure? And, the funniest part is if they can operate without those people what fool hired them in the first place? Typical corporate speak trying to spin it in their favor.
Typically “picking up the slack” results in an overall decrease in the quality of work, those that are “picking up the slack” are now doing the bare minimum to keep the team functional and probably working extra hours for the same pay. Most likely overall output decreases as well.
To your point: those two people are possibly doing 10-12 hour days and 6-day weeks now, just to get it done (and keep their jobs). There was no “slack” to begin with. “Slack” may be a misnomer here.
mortgage companies (or companies that have a mortgage division) are negatively impacted when the interest/apr rates rise, as they have been doing recently. hiring freezes are in effect as are RIF’s - Reduction in Force. brokers have quotas and those that dont meet them get “let go”
Quiet Cutting is also done in ways the article is not mentioning. We used to call them hiring freezes. In the mortgage industry where there are positions with higher attrition, they simply allow the employees to quit and they never rehire that position.
Isn’t this just standard operating procedure? And, the funniest part is if they can operate without those people what fool hired them in the first place? Typical corporate speak trying to spin it in their favor.
You think they operate without those people without others picking up some slack?
That’s my point. The company was poorly run if they hired 4 people each with enough “slack” that 2 could leave and the job still gets done.
Typically “picking up the slack” results in an overall decrease in the quality of work, those that are “picking up the slack” are now doing the bare minimum to keep the team functional and probably working extra hours for the same pay. Most likely overall output decreases as well.
To your point: those two people are possibly doing 10-12 hour days and 6-day weeks now, just to get it done (and keep their jobs). There was no “slack” to begin with. “Slack” may be a misnomer here.
mortgage companies (or companies that have a mortgage division) are negatively impacted when the interest/apr rates rise, as they have been doing recently. hiring freezes are in effect as are RIF’s - Reduction in Force. brokers have quotas and those that dont meet them get “let go”