How Employees New Needs Will Change Business.
Margie Tosch
Monday, 3rd August 2009
As we all know, the economy is affecting all of us, employers and employees alike and it seems that everyday I am hearing from more and more job seekers that are out there looking... and looking.. and looking.

Times like this can have a devastating effect on a career path (not to mention finances), and with those that were laid off, as many were after 9/11, are going through it for the second time in a decade.

9/11 hit so suddenly, and we all remember how some businesses (especially hotels and travel) almost ground to a halt. Companies reacted quickly, and people were let go with little or no notice, and often these were the top performers (due to the higher compensation packages). With it being highly unlikely that a candidate could land a similar job, many did whatever they needed to in order to put food on the table.

Some of these candidates may have founds new careers during this period (perhaps where they felt more immune to the sudden changes) however many waited it out and came back. And yet here we are again, and already the recovery period has far extended what is was in 2001-2002. For those who are in their second cycle of layoffs in less than ten years, they may feel that they only recently recovered from the financial challenges created the last time around!

Due to this, one of the biggest differences I am noticing in talking with candidates is a complete change in their view of what's important.

They realize that job security, and the financial security they have worked so hard for, can all evaporate into thin air at any time; that there are no guarantees. Rather than their old goals of getting ahead and climbing the ladder, the new view is often, "I just want to do something that makes me happy." With this attitude becoming more and more prevalent, it is going to take some adjusting from employers.

Perhaps not right away, as most people are just happy to have a job right now. But the smart employers will start to look at what they are doing right and what they can improve upon to provide the best atmosphere and company culture around.

The smartest employers will be a step (or two) ahead of the competition, and will be thinking about what's coming, not just where things are right now.


If you want information on a custom employee satisfaction survey, call me at 707-319-2550 or email Margie@OTLConsulting.com

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