Amidst ambiguity one thing is certain: Your workforce is not satisfied
Was it just
a week ago we were cheering the year-end highs of the Dow Jones and the healthy
drop in the unemployment claims?
The headlines today have a gloomier cast.
US growth prospects are bleak for the next
decade, says Reuters,
reporting from the annual American Economic Association meeting this Sunday.
House sales – which were making a comeback –
are likely to fall again, says the National Association of Realtors.
One thing is for sure: there’s no shortage
of opinions about when, how and if the economy will make a turnaround.
“If the Great Recession has indeed relaxed
its grip on American life, it has been replaced by something that might be
called the Great Ambiguity,” where lack of consensus and uncertainty reign
supreme, says Peter Goodman
of the New York Times.
Reading the tea leaves of the market aside,
there is one headline that cannot be ignored and speaks loud and clear:
“US Job Satisfaction at Lowest Level in Two
Decades”
This came from The Conference Board, which
released its annual report on
job satisfaction levels today:
- in 1987 job satisfaction was 61% and it has
steadily declined since then; today it’s at 45%
- 22% of respondents did not expect to be in
their current job in a year
- all age groups and income brackets showed
levels of dissatisfaction
Perhaps most surprising is that these
falling dissatisfaction scores do not appear to be tied to market cycles – through
good times and bad, workers have grown increasingly unhappy, says the
Conference Board.
This means companies cannot assume an
economic upswing will result in more engaged, more satisfied workers.
Re-engaging and reinvigorating your workforce is not optional – and it needs
investment today.
We’re here to help. Next month is our annual Employee Engagement Conference, February 23-25, 2010, and we have best-in-class companies detailing how they’ve made engagement a priority and reaped the rewards. Here's a look:
- NetApp,
IKEA, Exterran and others show how social media can make an impact on engagement.
- ConAgra Foods outlines the bottom line
impact of the company’s engagement efforts.
- Juniper Networks uncovers the power of
storytelling to drive meaningful connections between employees and bring about
engagement.




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