December jobs report points to soft landing: Ryan Payne
Payne Capital Management president Ryan Payne claims the U.S. economy will see a soft landing in 2023 after markets respond positively to the December jobs report.
Quiet hiring has been a tactic utilized by employers for decades to save time and money when trying to fill an immediate need. But it's being deployed now more than ever as companies find ways to better weather the uncertain economy.
Kayla Lebovits, CEO of Bundle Benefits, which helps organizations empower employees, defines "quiet hiring" as when companies hire short term talent, like contractors, to fill a very pressing need or when they shift responsibilities of full time employees to support that immediate need.
Lebovits told FOX Business this tactic isn't new. However, given the current economic environment, its become more relevant, she said. Lebovits said the term was being thrown around at one of her monthly meetings with other tech founders.
They see quiet hiring as a way brave a potential recession, she said, especially as layoffs and hiring freezes have become more prominent and continue to stretch company resources.
WORKPLACE'S NEW 'QUIET QUITTING' TREND — AND THE PITFALLS FOR TODAY'S EMPLOYEES