Economy Hurting Employee Morale
The economic downturn is hurting employee morale, with a growing number of workers worried about losing their jobs, according to a survey by Accenture.
Of more than 300 workplace managers surveyed nationwide, 61 percent said staff morale was low, the New York-based consulting firm reported this week. In response, more than a quarter of respondents said they're taking steps to shore up job security.
Still, nearly 70 percent said employers could do more to help workers cope with the slumping economy. Most cited telecommuting options or four-day work weeks as ways to boost sagging morale. Only 29 percent of survey respondents said their employers currently offered these options, along with flexible scheduling and transportation subsidies.
“In an uncertain economic environment, employers will need to take extra care in keeping employees engaged and ensuring that they maintain their job performance,” David Smith, a director at the firm, said in a statement. “Sound talent management strategies are now more important than ever,” he said.