Economic Downturn Leads To Decline In Employee Commitment
Barton Eckert
Phoenix Business Journal
September 21, 2009
With the economic downturn have come cost-cutting actions that have done more than just cut expenses. According to an annual survey from global consulting firm Watson Wyatt Worldwide Inc. (NYSE: WW) cost cuts have contributed to a sharp decline in the morale and commitment of their workers, especially top performers.
Arlington-based Watson Wyatt's Worldatwork 2009/2010 U.S. Strategic Rewards Survey found that employee engagement levels for all workers at the companies surveyed have dropped 9 percent since last year, and close to 25 percent for top performers. Additionally, 36 percent of top performers say their employer's situation has worsened in the past 12 months and the number who would recommend others take jobs at their company has declined by nearly 20 percent.
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