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Love My Job...By the Way, Are You Hiring? 03-23-05 Print E-mail
Written by David Batstone   

By David Batstone

Three conflicting trends appear to be taking root in today's corporate work environment:

  1. Most people are feeling more confident about keeping their job.
  2. A significant slice of workers believe they have no chance of job advancement in their current workplace.
  3. A vast majority of those currently employed believe it would be difficult for an out-of-work employee to find a comparably paying job.

In short, workers are going to hold on tight to their lousy jobs until the job market opens up.

That's my conclusion, not necessarily one shared by Right Management who conducted a survey of 1000 full-time corporate workers in 2004. Right Management applies a "Career Confidence Index," which measures the perception of job security among full-time workers across management levels and incomes. Positive thinking in the workplace seems to have boosted considerably.

But nearly half of those surveyed share that they have dim prospects of expanding their career in their current job (with a strong 29% see "no possibility" of advancement).

This data resonates with my own anecdotal observations advising inside American corporations. Firms are still very much in the cost-cutting mode, and one of the first things sliced from the budget are training budgets. Specifically, middle managers at all levels are left to their own wiles. Though it often goes unsaid, senior executives are confident that they can hire to their middle management needs rather than expending resources to nurture those talents in-house.

At times, I do believe that firms are wise to search outside the company for a manager with the right experience base to take on a key middle management role. But I must quickly add that worker inspiration and productivity suffer once the message becomes clear that a job is a cul-de-sac on the career path. If leaders are not emerging on a consistent basis from the lower ranks of the company, than that speaks volumes more about the corporate culture than it does about the quality of the workers.

It's a good sign for the economy that workers feel more secure in their jobs. They aren't confident enough to leave their job in search of something else, on the other hand. Given the survey, it is likely that we will see a rash of resumes crossing the transom once the economy improves. There's a lot of disenfranchised middle managers out there who are looking for a little more dignity.

Comments
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Lee Wilder - Why are prices so cheap?
2005-03-23 10:33:40
David Smith's observation is insightful. The addendum to his comment is that all of the Americans who are up in arms about exporting jobs and offshore manufacturing have been the major beneficiaries of deflation in many consumer products. Walk through a Wal*Mart and marvel at what you can buy for under $20...because of lower
manufacturing costs in other countries.
Guest - Love My Job.....
2005-03-23 12:23:10
David's anecdotal observations match mine. Companies will cut employees at the slightest hint of lower revenues or margins, and with oil prices at all time highs--translating to rising costs for ALL businesses--no one should feel safe.
Due to the large layoffs of a few years ago, many middle managers are underemployed --just hanging on to jobs that provide paychecks.

HR departments take note: There is an easy way for companies to "check" internal talent before hiring from the outside --insist on internal resume reviews/updates every 1-2 years.
David Batstone - Great blog on biz sustainabili
2005-03-23 23:56:39
Tip on a great blog (that linked to us here at Right Reality this morning!). Gil Friend runs a blog featuring strategy for a sustainable business model. Check it out: http://radio.weblogs.com/0109157
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