Magazine article Workforce Management

Everlasting Cuts

Magazine article Workforce Management

Everlasting Cuts

Article excerpt

DATA BANK | Research & analysis by Fay Hansen

With high ongoing levels of unemployment, recession-inspired cost-cutting measures will blend easily into the permanent landscape of workforce management.

A NEW SURVEY from Adecco reports that more than half of employees plan to jump ship when the recession ends. But this mass exodus is likely to occur only in their dreams.

The vast majority of companies with a hiring freeze in place plan to reverse the freeze only partially when the recession ends, and more than half expect that over the next three to five years, staff sizes will decrease from pre-economic crisis levels, according to the latest survey from Watson Wyatt Worldwide.

Ongoing high levels of unemployment will allow employers to leave in place many of the cost-cutting measures installed since the crisis hit in 2008. Over the next three to five years, 71 percent of employers surveyed by Watson Wyatt expect salary increase levels to remain unchanged or decrease. …

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