With the labor market weak, employees are "job hugging"

Forget job hopping, employees are now "job hugging," holding on tight to their current employer.

Why it matters: The labor market is grim at the moment. Hiring has stalled. And with fewer options, workers are planning to stick with their current employers, regardless of job satisfaction. • Such "torpor" can mean fewer opportunities for up-and-comers inside organizations, notes a piece from Korn Ferry, which names the trend. • "A sense of global events as unpredictable and unprecedented, combined with looming AI disruption, is making workers increasingly unsure—which can lead them to stay in holding patterns, rather than developing their skills and careers," Matt Bohn, a senior client partner at the consulting firm, says in the piece.

Where it stands: The job market is in bad shape. T