Bad Attitudes in the Workplace

Bad Attitudes in the Workplace

Studies show that employee morale has taken a hit lately.

Worker morale slumped last year, according to the results of a new survey from Randstad, one of the world’s largest professional employment services providers.

The review was compiled from 3,233 online interviews, conducted this spring for Randstad by Harris Interactive. It found that only 40 percent of employees said that morale at their workplace is good or excellent, down from 44 percent the year before and a departure from the recent past.

“Morale had held quite steady until this year,” says Karen Carlisle, a spokeswoman for Randstad North America.

But the drop in employee morale was dwarfed by an even larger fall in employer perception of morale. In 2004, some 70 percent of employers thought morale at their companies was good to excellent. Now, only 55 percent rate it that high.

Carlisle characterizes that as “good news,” though, because bosses now have a more realistic view of the state of mind of their workers.

Why it’s down

One of the main reasons for the fall in morale is worker perception of company loyalty; 59 percent of workers say they are loyal to their company but only 26 percent of workers believe that loyalty is reciprocated by their firm. That has plummeted from 41 percent in 2004.

Not only that, there’s a wide disparity between how workers and employers responded to the loyalty questions.

Employers think a much higher proportion — 74 percent compared with 59 percent — of their workers are loyal than actually are.

Many more employers than workers — 43 percent compared with 26 percent — say that their company is loyal to its employees.

The impact on a business can be significant. “Low morale plus low loyalty equals high turnover,” says Carlisle. “That can hobble a company.”

The report speculates that loyalty may have sustained a severe blow from the layoffs of the early 2000s and many employees and businesses now think of the days of staying with a company for many years are over. Job security may never be as high as the old days when a worker often stayed long enough to earn a gold watch.

The report cites a few other contributors to the erosion in morale. In the last few years employees have squeezed workers to:

Reduce costs. Workers have been accepting low or no raises.

Increase efficiency. Many workers have had to take on more responsibility and tasks, and work longer hours.

Accept reduced benefits. Employees have been asked to give back many healthcare, retirement, and other benefits.

Given these findings, it’s surprising that the survey found few workers, only 17 percent, planned to look for a new job this year.

Carlisle advises that companies looking for solutions to poor employee morale should:

Bolster their leadership. Strong leaders build trust.

Employ the right people in the right job. Workers doing jobs they hate is a recipe for disaster.

Build strong employee programs. Find out what benefits are of most importance to workers. For some it’s flexible scheduling, for others regular rewards.

—————————————————————————————————————————————————————————————————————

We hope you found this article about “Bad Attitudes in the Workplace” helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at www.GROCO.com.  Unfortunately, we no longer give advice to other tax professionals gratis.

To receive our free newsletter, contact us here.

Subscribe our YouTube Channel for more updates.

Alan Olsen, CPA

Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com.  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

 

Alan L. Olsen, CPA, Wikipedia Bio

 

 

GROCO.com is a proud sponsor of The American Dreams Show.

 

American-Dreams-Show-Accounting-firm-in-ca-cpa-tax-advisors-groco-alan-olsen

The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

Untitled_Artwork copy 4

MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

Posted in

Estate Tax Repeal or Revision?

Estate Tax Repeal or Revision? In 2010 the estate tax will be repealed and the gift tax rate will fall to 35%. However, this repeal is effective only for that year and the estate tax will be reinstated in some form the very next year (2011). The US Senate is considering options to reduce or…

Alternative Retirement Savings Plan: Tax Sheltered Annuity 403(b)

Alternative Retirement Savings Plan: Tax Sheltered Annuity 403(b)

Alternative Retirement Savings Plan: Tax Sheltered Annuity 403(b) Tax-Sheltered Annuity (TSA), also known as a 403(b), is an alternative retirement savings plan. Not everyone can participate in this plan, and it is restricted to those who are employed by educational, cultural, or non-profit organizations such as religious groups (also known as 501 (c)(3) organizations). TAX-SHELTERED…

Updating Your Estate Plan

Updating Your Estate Plan

Updating Your Estate Plan It’s a good idea to update your estate plan every few years or after the occurrence of significant life events such as marriage, divorce, the birth of a child, or adoption. Even if you haven’t experienced any of these events since you last updated your estate plan, there may have been…

Where Should You Keep Your Will?

Where Should You Keep Your Will? Planning your estate takes a considerable amount of time and effort. First, you must inventory what you own and decide how to divide your assets among your loved ones. Then you meet with your advisers—attorney, accountant, trust officer, insurance agent—to formalize your plans. Because you are conscientious, you review…