Bloomberg on Nostr: Britain’s ‘Quiet Quitters’ Are Costing the Economy £257 Billion ========== The ...
Britain’s ‘Quiet Quitters’ Are Costing the Economy £257 Billion
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The UK economy lost more than £257 billion ($327 billion) in potential output because of demotivated workers last year, adding to a productivity crisis that’s left the country falling behind other wealthy nations. Just one in 10 UK workers were classified as “engaged” at work, which means putting in discretionary effort on the tasks they’re asked to do, according to Gallup research published Wednesday that tracked a slow erosion in motivation over the last decade. The finding represents a reversal for the UK, which in the early 2010s had the second highest proportion of engaged workers in the Group of Seven industrial nations. That’s now dropped below the averages in both the G-7 and the rest of Europe. It’s now well below the global figure of 23%. The Gallup researchers said that level of engagement means the UK has an issue with “quiet quitters,” or people doing the bare minimum at work instead of being “actively engaged.” Engagement is also dragged down by another category of workers who even oppose the efforts of bosses. The study looked at the link between worker motivation and output at firm-level across sectors and found that including lost output and lost potential could be costing the UK 11% of gross domestic product.
#UkEconomy #WorkerMotivation #ProductivityCrisis #GallupResearch
https://www.bloomberg.com/news/articles/2024-06-12/britain-s-quiet-quitters-are-costing-the-economy-257-billion
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The UK economy lost more than £257 billion ($327 billion) in potential output because of demotivated workers last year, adding to a productivity crisis that’s left the country falling behind other wealthy nations. Just one in 10 UK workers were classified as “engaged” at work, which means putting in discretionary effort on the tasks they’re asked to do, according to Gallup research published Wednesday that tracked a slow erosion in motivation over the last decade. The finding represents a reversal for the UK, which in the early 2010s had the second highest proportion of engaged workers in the Group of Seven industrial nations. That’s now dropped below the averages in both the G-7 and the rest of Europe. It’s now well below the global figure of 23%. The Gallup researchers said that level of engagement means the UK has an issue with “quiet quitters,” or people doing the bare minimum at work instead of being “actively engaged.” Engagement is also dragged down by another category of workers who even oppose the efforts of bosses. The study looked at the link between worker motivation and output at firm-level across sectors and found that including lost output and lost potential could be costing the UK 11% of gross domestic product.
#UkEconomy #WorkerMotivation #ProductivityCrisis #GallupResearch
https://www.bloomberg.com/news/articles/2024-06-12/britain-s-quiet-quitters-are-costing-the-economy-257-billion