Wednesday, May 26, 2010

Coming out of the recession

In a poll conducted by Right Management at the end of 2009, 60% of workers intend to leave their jobs when the market got better. Good news for the market the Wall Street Journal wrote "In February, the number of employees voluntarily quitting surpassed the number being fired or discharged for the first time since October 2008, according to the Bureau of Labor Statistics."
There are several factors such as there is a natural turnover of employees who are trying to advance their careers which was not happening during the recession because jobs were so scarce.
Another factor that is making it hard to retain employees is the effects of the heavy cost-cutting and downsizing on workers' morale. The employees left behind are feeling disengaged, which is going to lead to a lot of churn as we come out of the recession..

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