🎉 Quiet quitting is getting LOUD 🚨

Read time: 2 minutes

Good Morning Party People! 🎉

As Waka Flocka Flame once said…”it’s a party it’s a party it’s a party”

Poll time!!

Here’s what we got today:

🚨 Quiet quitting

⛔ Amazon's new voluntary resignation policy

📊 HR efficiency benchmarks  

📝 Bold list of demands

And, of course, MEMES!

MOTD (Meme of The Day)

Meme creds: Greg Roche

Think you have great meme skills? Reply to this email with your best meme to be featured in the MOTD.

Quiet Quitting? More Like Loud Quitting

Almost 6 out of 10 workers are quiet quitting. According to Gallup, this is costing the economy $8.8 trillion dollars.

What’s causing this?

Employee stress is at an all-time high. 51% of employees are on the prowl for new jobs. It’s easy to blame remote work, but that doesn’t seem to be the case.

What is quiet quitting?

“Quiet quitting refers to doing the minimum requirements of one’s job and putting in no more time, effort, or enthusiasm than absolutely necessary” (Investopedia).

So how is this fixed? Here’s what employees had to say:

• 41% want improvements to engagement and culture

• 28% want better pay

• 16% want better wellbeing

Additionally, employees stated that they would like more recognition, learning opportunities, and clearer goals.

Check out Gallup’s 2023 State of The Global Workplace for more.

Leaked Amazon Message

A leaked message from Amazon indicates that the company is axing remote work. The Seattle-based company is now forcing employees to “return-to-hub”, meaning that workers must head to their team’s office. These offices are located in Seattle, New York, Houston, and Austin.

But here’s the problem…

Amazon previously stated that it didn’t plan on making workers return to the office.

If Amazon workers refuse to cooperate, it’ll be considered a “voluntary resignation”.

The full story can be accessed here.

Party Snacks (Weekly Resources)

FREE Salesforce AI Course - 40% of workers feel that they don’t know how to use generative AI effectively. Check out this free course by Salesforce to learn the basics.

Layoffs.FYI - 221,655 tech employees have been laid off in 2023. This resource keeps you up-to-date with tech layoffs.

6 Job Description Examples — and What Makes Them Effective

HR Efficiency Benchmarking

Is your organization being run efficiently?

Here are some quick facts:

• The average HR functional spend as a percentage of revenue is 0.74%

• HR accounts for 1.52% of organizational operating expenses on average

• HR functions spend $2,524 per employee annually on average

In 2022, many organizations look to cut costs. Now, the data indicates that budgets are increasing.

HR spending varies drastically by industry. Use these data points to gauge if your organization might be overspending on HR.

For more, check out Gartner’s 2023 HR Budget and Efficiency Benchmarks.

Gen Z Intern Wants WHAT?!

Quite the list of demands from someone so early in their career. We all would like to work 5 hours a week for a fast-growing startup while making good money.

Work-life balance is important. But this fella is asking for life with a sprinkle of work. More power to him if he can get it!

Party Favors (extra reading)

• Talent Edge Weekly

  Join thousands of HR and business professionals who get smarter, faster each week about the world of work, the workplace, and the workforce in just 10 minutes, every Sunday, 6 PM EST!

• Transacted

  Join 25,000+ HR, IB, PE, HF & VC pros staying on top of the latest deals and trends with Wall Street's most interesting newsletter (for free).

• Employee Retention Risk Template

Reminder - share The Office Party with your friends for a chance to win a $50 Amazon gift card (use the link below).

The latest from our AI meme machine named PartAI…