Deloitte: Fortune 1000 executives say workplace loss of trust is an issue
30/07/2010
Trust and ethics in the workplace have been battered by the recession, Deloitte's 2010 Ethics & Workplace survey finds. Deloitte: Fortune 1000 executives say workplace loss of trust is an issue

Fuente: www.consultant-news.com    Fecha: 30.07.2010

According to Deloitte's fourth annual Ethics & Workplace survey, one-third (34 percent) of employed Americans plan to look for a new job when the economy gets better. Within this group of respondents, 48 percent cite loss of trust in their employer and 46 percent 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 percent) 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.

"With lack of trust and transparency factoring into the employment decision of roughly half of the respondents who plan to job hunt in the coming months, business leaders must be mindful of the importance of both on talent management and retention strategies, as well as the bottom line impact," said Sharon Allen, chairman of the board, Deloitte LLP. "By focusing on these two areas executives may be able to reduce attrition. It could also allow them to mitigate the expenses associated with the hiring and on-boarding process and ensure that tacit knowledge remains within their organizations. Establishing and reinforcing a values-based culture can ultimately help to cultivate employee trust."

While the survey found 59 percent of employees feel more is being demanded of them because of today's business climate, 72 percent say their employers continue to support their work-life needs and 77 percent 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.

"Executives are facing a number of challenges today and maintaining a workplace in which employees are able to thrive is certainly one of them," Allen continued. "The survey shows that trust and flexibility are critical in today's workplace. At Deloitte, we work to demonstrate our commitment to both through innovative work-life initiatives and frequent and transparent communications with our people."

Methodology

This 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 US adults ages 18 years old and older. Results were weighted for age, sex, geographic region, and race where necessary to align them with their actual proportions in the population. Additional interviews were conducted online between April 6 and 16, 2010 among 300 Fortune 1000 executives, defined as vice president or higher. The completed interviews were weighted by company revenue and number of employees where necessary to bring them into line with their actual proportions in the larger universe of Fortune 1000 companies.


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