Part of the fallout of so much time spent working is a decline in
the mood of the workforce. Economic conditions over the last few
years also have taken their toll on the workforce, as both senior
executives and managers acknowledge a significant drop in
employee morale at their organizations over that period. Threequarters of senior executives and managers rated overall employee
morale in their organizations as either extremely or somewhat high
versus what they said concerning two years previously. Today, only
half of these same respondents say that morale at their organizations is high.
A number of factors play into the decline in morale, many of
them having to do with economic conditions. “Time, increased
workloads, and economic conditions are eroding employee confidence and morale,” says a manager at a large company. “People are
more concerned about losing their jobs and family security.”
Employees today face job insecurity, head count reductions, and a
leveling off of pay. It’s tough for workers to stay motivated with
discussions of pending or potential layoffs swirling all around the
office.