The HR Quarterly Index provides a summary of employment confidence in the business sector. The Report identifies a rebound in business confidence; however businesses need to be aware of management fatigue.
The 3 critical issues for business has remained the same over the past 3 quarterly results – Lack of work or sales, cash-flow and economic climate. Participation rate of employment is being upheld with the increase in part time employment – indicating that businesses are shedding hours, not jobs. This is a healthy indicator for long term sustainability of knowledge and skills in hope of a turnaround in the market.
Businesses are in need of clear communication strategies internally and management structures. This is placing pressure internally on the employment relationship in the current market.
Employers are concerned about employee focus on the job at hand. Employees are looking for direction and clear planning with communication relating directly to the individuals future.
Management fatigue is currently critical for both employers and managers as they navigate through managing in uncertain times.
All these factors combine to provide business with a great opportunity to create a competitive advantage through their people. Contact us today!
> Download the HR Quarterly Index July 2009
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