The recession may well be causing a perception disconnect between employers and their
workforce, according to new research from Monster.com and Human Capital Institute*. The study reveals a dramatic difference in how employers and workers perceive the impact of the current recession, potentially leading to employers facing mass talent drains as the labor market begins to turn. Furthermore, employers are vastly overrating the morale of their employees with 84% of those surveyed believing that their workforce is content to simply have a job while only 58% of workers actually feel that way.
Key findings of the study suggest that 58% believe employers are less concerned about
employee retention, 57% of workers claim employers are exploiting the recession to drive
longer hours and lower pay, 48% indicate that their productivity has been affected by the fear of being laid-off, and 36% excuse their employers for requiring layoffs and longer hours due to the effects of the recession.
* Source Monster.com and Human Capital Institute - http://hiring.monster.com/hr/hr-best-practices/market-intelligence/featured/monster-recession-employer-perspective-2009.aspx
