The challenging economic conditions are taking a toll on employees, as nearly half of the executives around the world are dissatisfied with their jobs, and do not trust their leaders, a survey says
According to Executive Quiz, conducted by global executive recruitment firm Korn/Ferry, nearly half (47 per cent) of employed executives surveyed are either somewhat or very dissatisfied with their current position.
The lacklustre job market has not only left executives unhappy with their jobs, but the survey results also uncover a lack of trust for corporate leadership, the survey said.
"Global recession has left fewer employees to do more work, often for less pay. Stress levels are high and some executives are getting burnt out.
However, irrespective of the business cyclicality, firms must take proactive steps to keep key employees engaged if they want to retain them for the long term and be seen as an employer of choice," Korn/Ferry CEO and President (Leadership and Talent Consulting) Ana Dutra said.
Asked what best described employee morale within their company, 45 per cent of employed executives said either 'fair' or 'poor', followed by 42 per cent who said 'good' and only 13 per cent believe it is 'outstanding'.