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, 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.
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…
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.
Taxes for Dummies
This is a great video explaining the US Government’s progressive tax system for those who don’t understand it! Is it fair that 16% of American taxpayers payed nearly 80% of all federal tax in 2014? Just to have politicians say that the wealthy haven’t payed their “fair share” yet.
What Happens to the Wealthy if Latest Estate Tax Proposals Pass?
What Happens to the Wealthy if Latest Estate Tax Proposals Pass? If you haven’t heard by now, there is a chance that wealthy business owners could be taking a big hit thanks to a proposal announced last month by the U.S. Treasury Department. We discussed this proposal in a previous blog: “Is Obama Secretly Trying…
California Voters Appear to Favor Higher Taxes for the Wealthy
It’s no secret that California has one of the highest tax rates in the country, especially when it comes to the wealthiest taxpayers. So it wasn’t much of a surprise when back in 2012 residents voted in favor of Prop. 30, which installed a temporary income tax hike on the wealthy. Now fast-forward to…
Trump vs. Clinton and the Tax Plans We Could End Up With
If someone asked you to explain the differences between the two presidential candidates’ tax plans would you be able give a clear explanation? If you answered “no” most likely you aren’t alone. It’s not uncommon during a presidential election for most voters to be confused at what the candidates are actually promising or proposing.…