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Is the Recession Really Over? Your Employees Don’t Think So!

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U.S. Job Seekers Exceed Openings by Record Ratio
Image by Renegade98 via Flickr

On the news they have been telling us that the recession is over since the end of last year but do our employees believe that?  Should we care if they think it is over?

No, I don’t believe that our employees think the recession is over and yes, we should care.  People are worried about the economy and their jobs.  They are not seeing the differences in their own companies most of the time because the companies are still struggling to recover.  There may even still be some lay-offs in some companies so employees are feeling insecure and stressed.  Some are even suffering from depression because of the lack of security that they feel about their jobs.

This is something that employers need to care about because when employees are feeling insecure they are not able to do their jobs as well.  Stress and depression may lead to employees requesting time off.  Employees get distracted when they worry and their jobs are not at the forefront of their minds except to worry about whether or not they will have jobs next week.  We need to put their minds at ease.

The only way to put their minds at ease is by sharing information with them that will show them that the company is not closing its doors.  We need to share our plans for growing the company and let them know how they can be a part of getting the company to the next level.  By diversifying and showing our employees where are new areas of growth can take the company we can make them feel like there is a future with our business.  Raises are good, too, but most companies do not have that within their means since the economy is only at the beginning phase of starting to improve.

In my opinion, it is going to take at least another one to two years before our employees start to feel like they are safe from the repercussions of the recession.  If we work as a team though, our employees can feel more secure in working towards the common goal of bringing our business to the next level.

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