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October 13th, 2009    Janet SalmonsSubscribe to comments on this post

SHRM Report: Cost-Cutting Leads to Sharp Drop in Morale, Commitment

Cost-cutting actions made by U.S. employers in 2009 to deal with the economic downturn have contributed to a sharp decline in the morale and commitment of their workers, especially top performers, according to an annual survey by consultancy Watson Wyatt and World at Work, an association of HR professionals.The 2009/2010 U.S. Strategic Rewards Survey  found that employee engagement levels among all employers dropped 9 percent since 2008 and have plunged close to 25 percent among top performers. Additionally, 36 percent of top performers say their employer’s situation worsened over the past year; the number who would recommend others take jobs at their company has declined by nearly 20 percent.

Read the whole story here. 

This entry was posted on Tuesday, October 13th, 2009 at 10:28 am and is filed under Current Topics, Online Reading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “SHRM Report: Cost-Cutting Leads to Sharp Drop in Morale, Commitment”

  1. curt clements Says:
    October 14th, 2009 at 2:30 am

    Not sure this is the only reason. I suspect the constant barrage of negative news adds to overall dissatisfaction.

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