Complaint after complaint is heard about today’s workforce; they are lazy, spend too much time on social media while on-the-job and they have no work ethic. Employee morale is at an all-time low.
True or not, it is a fact of business. Today’s employees; regardless of their social status, geographic makeup or millennial segmentation, face a vastly different work environment that those of 30-40 years ago.
Industry has mostly done away with pensions, profit sharing, matching 401K’s and many of the business perks we have long been accustomed to like employee outings (team building sessions) and Christmas Parties (I’m sorry, they must now be classified as “Holiday Parties”).
But we still expect our employees to be engaged and to work hard, and they should. Today’s workers are getting paid more than ever…
As reported by statista.com, “Wages and salaries in the United States have increased over the last three decades. Between 1979 and 2010, the median weekly income of full time wage and salary workers grew from 241 to 747 U.S. dollars.”
So why all the long-faces at work, why are our employees so disengaged and less productive?
As statista.com continues, “These numbers are not adjusted for inflation however, as doing so yields a different result. The median weekly income in 2010 constant dollars only increased from 675 to 747 U.S. dollars in the same period.”
Ok, so with the adjusted numbers there is only a slightly higher increase in wages than mentioned before. Is that the reason for poor employee morale?
“According to the “State of the American Workplace”, a 2013 Gallup study, seven out of 10 workers in the US say they aren’t fully engaged at work, meaning they aren’t working to their fullest potential. The resulting loss of productivity can cost companies between $450-$500 billion a year. Plus, according to research by the Dale Carnegie Institute, 80 percent of employees who aren’t happy with their supervisors claim that they’re disengaged and ultimately, less productive”, states http://good.co.
How are we expected to compete in today’s business climate and against the (more…)