The high cost of job dissatisfaction
A Gallup poll says 52% of full-time workers are disengaged, costing US companies from $450 billion to $550 billion every year.
With the recession prompting more people to hold on to any job with a paycheck and making it tough to quit until just recently, Gallup found that 52% of all full-time workers in the U.S. are not involved in their work, not particularly enthusiastic about it and are committed only as much as they have to be. And 18% of those folks are "actively disengaged" and have checked out to the point that they're actually a hindrance to co-workers and management.
Then again, 30% of American workers are excited about their jobs, which matches the highest level of enthusiasm since Gallup started measuring it back in 2008.
So what are those people doing that more than half the workforce isn't? Being born female, taking management gigs, living in Louisiana and working in companies or on teams with 10 or fewer employees. Each of those elements contributed to higher engagement, as did working at growing companies rather than those that are stagnant or dying.
Gallup surveyed thousands of U.S. workers, managers and companies in its annual State of the American Workplace report and had a far bigger goal in mind than telling everyone just how miserable the American workforce is. According to Gallup's estimates, unhappy workers who call in sick regularly or devise plans to take as much time off as possible cost U.S. companies $450 billion to $550 billion every year.
That means it might get really ugly for U.S. employers if things don't pick up soon. At 26.2%, workers ages 25 to 34 already have an unemployment rate that's higher than in Canada, the U.K., France, Japan, Australia, Russia and Germany. And the Labor Department says it's also the only group in the U.S. that saw its average wages decrease over the same span.
Right now, only one job is available in the U.S. for every three people who apply. The domestic economy has regained just 5.7 million of the 8.7 million jobs shed during the Great Recession. Worse, roughly 65% of those jobs are of the low-wage variety, though nearly 60% of all jobs lost during the slump paid middle-income wages or better, according to the National Employment Law Project.
The most common job in America since the recession is in retail sales. Those workers number 4.3 million (greater than the population of Kentucky) and make only $25,000 a year, well below the more than $45,000 national median wage.
While college students are still far better off than their less educated peers, art school students and MBAs alike are being crushed by student debt. Deeply indebted doctorate recipients are seeking food stamps in increasing numbers. Roughly 284,000 college graduates are making minimum wage.
No wonder so many people are disillusioned about their jobs.
The Real Surprise is that the number isn't far higher concerning workers actively disengaged and only do what the job actually pays. I know the Media and all their cushy high Figure Jobs might not know this but Productivity has soared for Real Workers while pay has not. In fact, many of today's jobs pay LESS. Workers are shown little respect and are treated as a commodity to be thrown away. This should be about the harsh treatment of Workers and the lack of actual Work by the Barking Dogs. Most Companies don't want to pay a living Wage and as a result, the overall economy has suffered greatly.
One also needs to feel there`s a future in their job.Ceo`s don`t deserve millions and then millions
for being fired.The minimum wage is too low.The worst jobs I had paid minimum or less when I was a teen.
If employers would stop treating employees like the "expendable workforce to be exploited" then employees would be happy. The guilty know who they are, remember "your business is only as good as its employees." Employers, if all you are going to pay is peanuts you will only attract monkeys!
SPENDTHRIFT 2010;I never wanted to trade places with people on welfare.Not all
are lazy by the way.
He had a stay-at-home wife, SEVEN kids in PRIVATE school, owned his own home, 2 cars, a boat, was a member of the local country club, and took regular vacations to Vegas.
As a successful IT professional I make far more money than he ever did and I can't come close to that lifestyle.
There's definitely a motivation problem in this country.
The standard of living is too similar now between those of us that work for a living and those that vote for a living.
10,000 Americans retire every day.How many do you suppose they are replaced with?Many
of the jobs are added onto others and part timers and temps do the rest.
I'm new in the US and am amazed at how poorly US employers treat their staff. They mostly offer wages that are downright offensive whilst demanding loyalty and commitment-such hypocrisy in the face of what they offer in return. Benefits are significantly below international standards, some offering none at all, no medical, no paid vacations, no sick pay - who the hell do these people think they are? This is not for me, I'll never look for work here again - and it's their loss!!!!
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).
Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More
More Market News
As geopolitical tensions threaten to spin out of control, investors are wondering how best to position their portfolios for the global turmoil.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'