Towers Perrin just issued a report showing largely ambivalence on the part of employees on the impact of layoffs on employee performance, organizational efficiency and sustainability post recession:
In the US, Workforce Management reported a Kronos Workforce Institute study that found:
In the UK, HR Review reported large percentages of employees are working additional hours for no pay with “employers benefiting from £1.5 billion of unpaid labour every week.” The article draws the conclusion:
What’s the connection? Just this – don’t rely on studies or news reports alone to understand what your employees think, how they are reacting to the recession, and what that means for productivity and performance in your organization. The data in the UK study in no way supports the conclusion that motivation is hampered. Perhaps employees are more engaged in their work and willingly giving extra effort – or at least some percentage are. here is not enough evidence either way. The other two reports seem to contradict each other.
The bottom line is this – you know (or you should know) how this lingering recession and the actions your company may have taken as a result is affecting your employees. You also know the best solution for addressing these problems. Of course, recognizing and appreciating their efforts that have kept your running through the recession is a critical component to their engagement, efficiency and morale. What other steps are you or have you taken to truly understand the state of mind of your employee and then react appropriately?
