Quiet quitting and performance management

Understand the disconnect ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   AN ARTICLE A DAY, PICKED BY OUR EDITORS   Edited by Sarah Skinner   Digital Editor, New York Performance management is always tricky—but this year, managers are staring down a particularly daunting set of challenges. Worn-out workers. Weakening work relationships. Quiet quitting, compounding two-plus years of record regular-old quitting. Inflation. And for some, maybe that means "you won't have the difficult conversation because the thought of losing another employee is devastating," as senior partner Bill Schaninger puts it. If year-end has you worried, don't miss this new episode of the McKinsey Talks Talent podcast, where Bill speaks with Bryan Hancock, global lead of McKinsey's talent work, about the trends that have managers on edge—and how to handle them. Quiet quitting and performance management Churn is up. Engagement is down. And year-end reviews are here. Are you worried that giving feedback will make workers feel worse? Understand the disconnect   Quote of the day "You make a lot of mistakes. And the most important thing is you recognize you made a mistake, and you correct it as fast as hell and go on. And then don't think too much about it. Focus on going forward." —Peter Carlsson, cofounder and CEO of Northvolt on the journey of building a green business in "Giga-scaling low-carbon batteries: A chat with Northvolt CEO Peter Carlsson" Chart of the day See today's chart   ALSO NEW Japanese luxury shoppers are embracing omnichannel Our latest research shows that luxury shoppers in Japan are using online channels while also holding fast to the in-store experience. How can brands thread the needle? Get the latest   Identifying opportunities and starting to build a new green business in the industrial sector As climate change intensifies, industrial companies will need a new approach for developing sustainable products and services. Chart the path forward   Reshaping retail banks: Enhancing banking for the next digital age The current model of universal retail banking is unsustainable over the long term. To thrive, banks need to reinvent themselves, focusing on businesses where they can achieve and extend market leadership in the new digital world. Reshape the operation   Follow our thinking Share these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to the Daily Read newsletter. Manage subscriptions | Unsubscribe Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007