Are your workers feeling more insecure and stressed than ever before? The recent Skills and Employment Survey from the UK government shows British workers are at an all-time low for job satisfaction and security.
According to a survey from the Chartered Institute of Personnel and Development (CIPD), workers in the voluntary sector are bucking the trend, despite that sector's increasing job insecurity.
The survey found that engagement among employees is partly driven by an affinity to their organization's core purpose, where the voluntary sector might be expected to have an edge, but more importantly by open and honest management teams and cultures of mutual trust and respect, where the private and public sectors have no reason at all to lag their voluntary counterparts.
"The decline in job satisfaction and employee engagement makes for worrying reading for businesses, the economy and wider society,” Peter Cheese, chief executive at the CIPD, said. “But the voluntary sector appears to be bucking this trend, with valuable lessons to be learned for the private and public sectors.”
By embracing a more open and honest culture, where employees feel trusted and know what is happening within the organization, a company can help improve employee trust, engagement and loyalty.
“What's good for people is good for business - and if we can embrace that truth to build cultures in which people want to work and are unified by a common purpose, we can not only prevent catastrophes, we can truly build more sustainable economic growth," Cheese said.