How Unemployment Affects the Employed

An interesting new study by workforce management agency Kronos Inc. and Harris Interactive polls, as reported by Business Wire, show that even employees who retained their jobs in companies that experienced layoffs feel negatively impacted. Vanessa Dennis of Cheezhead Recruiting News and Opinion cites some interesting statistics that shed some light on the situation…

Thirty-eight percent of respondents employed full or part-time said there had been layoffs in the past year at their primary place of employment. Of those respondents who said that productivity had been negatively impacted by layoffs:

* 66 percent said that morale has suffered and people are less motivated;
* 64 percent said that there is too much work and not enough people to do it;
* 37 percent said the wrong people or departments were laid off, leaving inefficient systems and workflows;
* 36 percent said they are concerned that as the economy picks up, they won’t have the right resources to meet demand.

It’s an interesting perspective that’s frequently overlooked: with unemployment rates skyrocketing as they are today, that we often forget there can be insecurity amongst the employed, too.

Read the full story at Business Wire, and view more interesting statistics and analyses over at Cheezhead: plugging the productivity drain.

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