money.cnn.com/2003/11/11/pf/q_iquit/index.htm?cnn=yes
Consider, for example, that more than eight in 10 workers plan to look for a new job when the economy heats up, according to a survey by the Society for Human Resource Professionals. While theres a difference between looking for a new gig and actually jumping ship, that kind of number is very, very high, says SHRP spokesman Frank Scanlon. Cash-strapped employers have been cutting back on benefits like health care, paid vacations and retirement benefits.
You have the greed of executive management and great inequities from your lowest-paid worker to your highest-paid worker, he says. The threat of pink slips has prompted plenty of people to work scared and to give everything to their jobs. Nearly 40 percent of all workers spend at least 50 hours on the job per week. Employees have hunkered down through the downturn, said the SHRPs Scanlon. Heading for the door Take the case of David Garrison, 40, a facilities manager who worked for an oil company for 20 years before he finally called it quits. Pulling 60-hour weeks was normal for the Los Angeles father of two. Thats because he was expected to do much of the work of five other peers who had been fired. By the time he did quit a little over a year ago, he had to swallow anti-anxiety prescriptions to get through the day. When he did care for himself - and took a second sick day within a six-month period - he was called in for a counseling session by his employer, who warned him not to take too much time away.
Meanwhile, labor-friendly movements such as the Center for a New American Dream s effort to simplify lives and the Work To Live Web site, which exhorts workers to lobby lawmakers for change are gaining momentum. I get flooded with e-mails from people, and you get a sense of the desperation, says Work to Lives founder and author Joe Robinson. People have been traumatized by the last 15 years of downsizing and the last few years of recession. The high cost of desperation In the last 15 years Ive had a total of four weeks of vacation, writes one woman in a typical posting found on the Work to Live site. We receive no paid vacation, no paid holidays and no paid sick leave.
The most recent job report from the Labor Department shows that employers are finally adding to their payrolls. Gerald Ledford, senior vice president at Sibson Consulting, notes that if 16 percent of workers do leave their jobs as his firm predicts that will match the high turnover rates of the late 1990s, when employees hop scotched from job to job.
For example, a national clothing chain must sell 3,000 pairs of $35 khakis to cover the price of replacing a salesperson who quits, including recruiting, training and lost productivity. The tab to replace a typical white-collar middle manager runs about $100,000. Were a few good breaths away from being back at a lower unemployment rate, says Monsters Jeff Taylor. Companies can limit their exposure by saying Thank you and recognizing the good work people have done for them. But I think generally this is where companies have a pretty big miss in this area.
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