June 9, 2009
The Price Of Layoffs
Few companies are happy to announce layoffs, in part because of their effect on the morale of surviving employees. According to research group Staffing.org, there's a good reason for that: workers who've seen colleagues laid off are far more likely than others to quit.
Citing a study by researchers at the University of Wisconsin-Madison, the group says that involuntary turnover of as little as 1 percent of a workforce led to a 31 percent increase in voluntary turnover. The problem is a tipping point that changes employees' perceptions of their workplace, making them see their employer as a downsizer where they may not have a future.
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