Sunday, May 2, 2010

Insights from Towers Watson 2010 Global Workforce Study

The Towers Watson 2010 Global Workforce Study covers more than 20,000 full-time employees of large and midsize organizations in 22 markets around the world (Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Korea, Malaysia, Mexico, Netherlands, Russia, Singapore, Spain, Switzerland, UK and US) and was fielded by 3rd party vendor via online questionaire between November 2009 and January 2010.

The report was published in April 2010, and claimed to be the most comprehensive analysis of the post-recession employee mindset available today.


This 24-pages report titled "The New Employment Deal - How Far, How Fast and How Enduring?" which you can download for free after registering with them by clicking here, opined that the recession has accelerated the demise of the traditional employment contract, or "deal", between employees and employers. The Study reveals a recession-weary workforce -- one with lower expectations, increased anxiety and new priorities.

3 themes emerge from the Study as follow:
  • Recession has driven a final wedge into the social contract, or "deal", that has traditionally underpinned the employment relationship.
  • There is a gap between what employees want and expect from this shifting relationship, and what employers can affort to deliver in a highly competitive business climate.
  • Organizations have a unique opportunity to define a new and more sustainable employment deal with their employees, which include fostering towards "self-reliance".
"Few employers will be able to compete effectively in the current environment without policies and practices that recognize and allow for differences in employees' roles, skills and performance, as well as their interests, expectations and needs."

Interested to know more details? Just use the link above to get the 24-pages report for free.

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