A new survey from Eagle Hill Consulting, a company that provides management consulting services in the areas of strategy and performance, talent and change, shows that as the economy and job markets remain volatile, American workers have a high level of concern about a recession and its repercussions.
According to the survey, 61% of workers are worried about a recessionwith more women concerned about this situation (68%) than men (55%).
The research also found that a looming recession could help address the Great Resignation, as 84% of workers say they are more likely to stay in their jobs if the US economy enters a recession.
Regarding the layoffs that can be generated by the slowdown in the economy, only a small part of the workers is concerned (33%). But employees reported clear views on how to handle layoffs, as 85% said email firings are wrong and would prefer an in-person meeting (72%) to be notified.
“There has been a recent rush of workers learning via email that they no longer have a job, and that clearly doesn’t sit well with workers,” said Melissa Jezior, president and CEO of Eagle Hill Consulting. “While leveraging technology to provide information to employees can be efficient, relying on email is not the ideal approach for layoff notices.”
For Eagle Hill Consulting, implementing a large-scale layoff presents logistical challenges, but it explains that employers should do everything possible to tell workers face to face that they have lost their jobs.
“Taking the time to carefully plan and deliver layoff notices is an important long-term investment. Employers who do not fire workers with dignity will develop a reputation for disrespect to their workforce. and that will eventually damage a company’s brand, reputation, ability to attract workers and bottom line,” Jezior said.
Data results are based on Eagle Hill Consulting’s 2023 Employee Sentiment Survey conducted by Ipsos from February 7-10, 2023. The research included 1,393 respondents from a random sample of employees in the US. .
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