Be the first to like this
The worst of the global financial crisis appears to be over, but unknown to many organizations, another time bomb awaits. Employee goodwill has been worn down through working longer and harder during the past year, putting up with pay cuts and freezes and with little in return.
And while many employees have taken the extra demands in their stride, most of them consider their efforts unsustainable, given the strain it puts on their families, relationships, health and wellbeing.
More importantly, the lack of staff engagement and proper communication during the crisis has led employees to feel that an unwritten ‘contract’ has been breached, thus eroding their loyalty, commitment and ultimately, companies’ ability to truly recover from the recession.
Sadly, the treachery will not end there. As economies revive, organizations are likely to face a talent exodus, as disengaged, over-stretched and under-rewarded employees look out for greener pastures.