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

US economy grows, but recession still looms

Plus, climate protesters target "Girl with a Pearl Earring."  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

US GDP rebounds in the third quarter; Climate protesters try to deface the painting "Girl with a Pearl Earring."   Tonight's Sentences was written by Jariel Arvin. TOP NEWS US economic growth returns Leonardo Munoz/VIEWpress The US economy rebounded in the third quarter, but there are signs consumer demand is cooling, according to government data released Thursday. [Vox / Madeleine Ngo] GDP grew at a 2.6 percent annual rate from July to September, reversing six months of decline. [The Hill / Sylvan Lane] Most of the growth was driven by exports, as Americans spent less on imported goods while international demand for US-made products improved. [New York Times / Ben Casselman] However, housing investments and consumer spending slowed, suggesting overall demand is shrinking, something that could signal an economic slowdown. [CNN / Alicia Wallace] The latest data suggests a recession is probably not imminent; the Federal Reserve is still likely to continue hiking interest rates to cool inflation. [CBS News / Aimee Picchi] Climate activists target another masterpiece Three climate protesters were arrested Thursday for attempting to deface Johannes Vermeer's "Girl with a Pearl Earring" painting at a museum in the Hague. [Reuters / Toby Sterling and Charlotte Campenhout] Video shows one man trying to glue his head to the painting, and another pouring liquid over him. The glass-protected painting was not damaged. [Associated Press] It's the latest climate protest involving a famous artwork: Sunday, an environmentalist threw mashed potatoes on a Monet. Two activists threw tomato soup at a van Gogh earlier this month. [Guardian / Jon Henley] After that first stunt, with Vincent van Gogh's famous "Sunflowers," the activists asked the crowd to consider "what is worth more, art or life?" [Vox / Aja Romano] Support our journalism   Reader contributions help keep Vox and newsletters like Sentences free for all. Support our work with a one-time gift today. Yes, I'll make a gift MISCELLANEOUS US cases of RSV and influenza are up this year due to pandemic-related disruptions in normal seasonal patterns. [Vox / Dylan Scott] Over 400 literary figures, as of Thursday afternoon, signed an open letter criticizing Penguin Random House's reported $2 million book deal with Justice Amy Coney Barrett because of the jurist's abortion stance. [Daily Beast / Dan Ladden-Hall] Iranian security forces fired upon and tear-gassed mourners who gathered to mark the 40th day since 16-year-old Nika Shahkarami went missing at an anti-government protest. Shahkarami was later found dead. [CNN / Adam Pourahmadi, Mostafa Salem, and Celine Alkhaldi] The rioter who dragged DC police officer Michael Fanone into the crowd on January 6 was sentenced to 7.5 years in prison Thursday. [NBC News / Ryan J. Reilly and Daniel Barnes] VERBATIM "I do think there's roughly a 50-50 probability of recession in 2023." [Gus Faucher, chief economist at PNC Financial Services, on the GDP data / CNN] LISTEN TO THIS Talking to ghosts Why do so many people think they can see and hear ghosts, and what does that say about our conscious experience of the world?   Listen now   ▶ Read more from Vox How logging, a Nike founder, and the alt-right warped the Oregon governor's race 60 years ago today, this man stopped the Cuban missile crisis from going nuclear Our buildings are making us sick The strange, savage life of a freshwater mussel The shrinking ozone hole shows that the world can actually solve an environmental crisis This email was sent to vox@quicklydone.com. Manage your email preferences or unsubscribe. If you value Vox's unique explanatory journalism, support our work with a one-time or recurring contribution.   View our Privacy Notice and our Terms of Service.   Vox Media, 1201 Connecticut Ave. NW, Floor 12, Washington, DC 20036. Copyright © 2022. All rights reserved.