Most Employees Wouldn't Recommend Their Employer To Others
The recent economic downturn has not only aggravated the nation's unemployment rate, it's also severely damaged relations between employers and employees, a new study finds.
More than three quarters of departing employees say that they wouldn't recommend their employer to others, the lowest number in at least five years, according to exit interviews compiled by the Corporate Executive Board, a research and consulting firm based in Arlington, Va.
The Wall Street Journal first reported the findings Monday.
As recently as 2008, as the recession was gaining traction, just 42 percent of employees said that they wouldn't recommend their employer.
This year's data was based on exit interviews from more than 4,300 employees from 80 companies, most with more than $2 billion in annual revenue, the Journal said.
The findings suggest that, as companies have downsized, the remaining employees have had to pick up the slack and work harder. That has left many of them feeling negative about their previous employers, says Brian Kropp, a CEB managing director.
"Companies were blunt and rough and tumble with their workforce," Kropp told the newspaper. "They created a sense that 'the company doesn't care about me.' "
The diminished measure in employee satisfaction could hamper many companies' ability to recruit new talent, especially for in-demand career fields such as technology and the energy sector.
Further, the Journal article noted, the data suggest that employers have fewer former employees whom they can tap when seeking new recruits.
Don't Miss: Top 10 Companies Hiring Now
Stories from FINS Finance