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Benefits July 26, 2010
Survey Finds Workers Have Lost Trust in Their Employers
July 26, 2010 (PLANSPONSOR.com) - According to Deloitte's fourth annual Ethics & Workplace Survey, one-third (34%) of employed Americans plan to look for a new job when the economy gets better.
Reported by PLANSPONSOR staff
Within this group of respondents, 48% cite loss of trust in their employer and 46% say lack of transparent communication from their company’s leadership are the primary reasons for pursuing new employment at the end of the recession. Additionally, a large majority (65%) of Fortune 1000 executives who are concerned employees will be job hunting in the coming months believe trust will be a factor in a potential increase in voluntary turnover.
“By focusing on these two areas executives may be able to reduce attrition,” said Sharon Allen, chairman of the board, Deloitte LLP, in a press release.
While the survey found 59% of employees feel more is being demanded of them because of today’s business climate, 72% say their employers continue to support their work-life needs and 77% of executives say they remain supportive of employee personal needs outside of work. Sixty percent of employees suggest that technology plays an important role in helping them meet their professional and personal demands, which is enabling them to trust their employers more.
“The survey shows that trust and flexibility are critical in today’s workplace,” Allen said.
The Ethics and Workplace study was conducted via telephone interviews within the United States by Harris Interactive, on behalf of Deloitte, between April 8 and April 12, 2010, to 754 full- or part-time employed U.S. adults ages 18 years old and older.