Report says: Four in five employees in northeast worried about the economyMortgagePress.comsurvey, statistics, economy, Right Management
Eighty percent of employees in the Northeast region of the
United States are worried about the state of the economy, according
to a nationwide survey of 501 employed Americans conducted by Right
Management. While 15 percent of respondents are distracted at work
as a result of their worry, the majority (85 percent) say they
don't feel that their concern is impacting their job
performance.
Are you worried about the state of the
economy?
• Very worried: 37 percent in the Northeast/35 percent
nationally
• Somewhat worried: 43 percent in the Northeast/45 percent
nationally
• Not too worried: 15 percent in the Northeast/11 percent
nationally
• Not at all worried: 5 percent in the Northeast/9 percent
nationally
Have your concerns impacted your job
performance?
• No, I am not distracted at work and can focus on getting
the job done: 85 percent in the Northeast/84 percent nationally
• Yes, I am sometimes distracted at work, but am doing the
best I can: 13 percent in the Northeast/14 percent nationally
• Yes, I am often distracted at work and find it difficult
to do my job well: 2 percent in the Northeast/2 percent
nationally
The findings highlight the challenge for people employed in the
Northeast to remain optimistic during the economic recession, said
Bruce Maxfield, market vice president, Massachusetts for Right
Management. "While worried about the economy, most people say that
the daily 'doom and gloom' reports are not distracting their
performance at work. With job losses continuing to mount daily,
unemployment reaching new heights and organizations struggling to
meet profitability goals, employees are working hard to stay
focused on getting the job done."
Among the survey's other national findings:
• Women are slightly more worried than men, with 82
percent of women reporting that they are Very/Somewhat Worried
compared to 79 percent of men.
• The older a person's age the more worried they are.
Forty-two percent of people aged 45 to 65-plus are Very Worried,
compared to only 26 percent of people aged 35 to 44 years.
• The higher educated an individual, the more worried,
with 88 percent of people holding post graduate studies being
Very/Somewhat Worried compared to 77 percent of people with high
school education levels or less.
Maxfield cautions leaders to not lose sight of long-term goals
and find ways to keep employees engaged and committed to the
organization through the economic downturn. "It's important to
recognize and reward high-performing employees for their
resilience, hard work and loyalty during this period. Look for
innovative solutions to invest in your people and demonstrate your
commitment to them. Failure to do so may result in higher turnover
once the economy rebounds and opportunities open up. The degree of
workforce productivity and engagement will differentiate successful
organizations from those that flounder."
The telephone survey of 501 employed Americans was conducted for
Right Management between March 12-15, 2009 by International
Communications Research, Media, Pa. Of the sample, 107 respondents
were from the Northeast region. Percentages are based on total
respondents currently employed full-time or part-time.
For more information, visit www.right.com.
