Engaged Employees Less Worried About Personal Financial Future

In a survey of employee opinions, the Kenexa Research Institute (KRI) investigated the extent to which the current economic conditions cause workers to worry about their personal financial well-being as well as intentions to delay or cancel anticipated purchases. Additionally, workers in the United States were asked about their feelings toward organizational leadership and the effectiveness of business processes at work.

Results indicate employees’ feelings about their own personal financial well-being are strongly influenced by their experiences at work. Not surprisingly, an important factor influencing how employees feel about work is how effectively they feel their organizations are being led.

Workers who have unfavorable views of their leadership are much more likely to report being worried about their personal financial situation, which was found to be strongly related to stated purchasing intentions. Specifically, employees who rate their leadership unfavorably are much more likely to express concern regarding their personal financial situation compared to those who have favorable views of their leadership’s effectiveness. In addition, those who rate their leadership unfavorably are twice as likely to state that they are delaying current purchases.

This certainly complements the research we’ve conducted about employee engagement in the midst of these difficult economic times. Please review our report Beating the Bear Market with Engaged Employees

Tags: Economic Crisis, Economy, Employee Engagement, Employee Retention, Employee Satisfaction, Employee Survey, Recession