Employees 'lack faith in firms'
Feb 26 2009
Less than half of full-time workers have confidence that their employer has a clear strategy to survive the recession, research shows.
A study of almost 1,000 employees, carried out by business consultancy Threshold Communications, found that only 40 per cent believe their organisation has established a plan to withstand the economic downturn.
In addition, the survey discovered just 29 per cent believe their managers have taken time to talk through the firm's aims with the workforce.
Among those who believe their company has failed to establish a recession-beating plan, only 17 per cent claimed to have faith in the answers of their managers, while almost half said they have a complete lack of confidence.
James Brooke, director at Threshold, comments: 'Most organisations are currently under pressure, but they can transform the performance of their employees by improving the communications techniques used by their managers.'
Earlier this month, learning and development provider Righttrack Consultancy claimed that businesses should continue to maintain communication and motivation through the recession to avoid damaging workforce morale.