There’s no end in sight yet for the Eurozone debt crisis and UK economic growth forecasts have been slashed for 2012. Times are tough for companies. And our latest research suggests employees are suffering too.
Many businesses are reigning in spending and cutting costs. Employees understand such measures – even if it impacts on pay reviews and bonuses. This doesn’t mean that they like it, but they accept it.
The clear message from employees though, is that many of the causes of their dissatisfaction at work do not relate to financial matters.
Our research – which featured the views of 400,000 private sector employees – highlighted the following as among the most contentious issues:
- Lack of action taken on employee surveys – 28% of employees don’t believe any action will be taken on results
- Ineffective performance appraisals – 37% complain that appraisals doesn’t give them any useful feedback
- No opportunities for development – 27% of employees bemoan a lack of opportunities for career development.
These are things that needn’t require extensive investment. Listen to your employees and take action to address their concerns. Not only will you have a more engaged workforce, but in the process you’ll strengthen your employer brand proposition and possibly even your bottom line.
