14th August 2008
More than a quarter of workers are unhappy as the credit crunch begins to demoralise office staff, according to a recent survey.
The quarterly Happiness at Work Index, carried out by Badenoch & Clark, shows confidence to be at its lowest point since the survey began in April last year.
One in ten people surveyed claimed that they are working an extra day each week, while 26% of office workers – up from 21% in April – say they are unhappy.
In addition, more than a third of people (34%) reported low morale in their organisation.
Badenoch & Clark believes that the poorer outlook is a result of employees working harder as organisations fail to replace people who leave or go on maternity leave.
Director Andy Powell told More Than Business News: "There is a drop in confidence in people's career prospects.
"They are feeling in the short term they don't have much opportunity to grow their careers and are being asked to take on more and more work.
"Organisations are obviously tightening their belts and we have ended up with a body of workers who feel they are bearing the brunt of the credit crunch."
Unhappy workers stretched by credit crunch
The quarterly Happiness at Work Index, carried out by Badenoch & Clark, shows confidence to be at its lowest point since the survey began in April last year.
One in ten people surveyed claimed that they are working an extra day each week, while 26% of office workers – up from 21% in April – say they are unhappy.
In addition, more than a third of people (34%) reported low morale in their organisation.
Badenoch & Clark believes that the poorer outlook is a result of employees working harder as organisations fail to replace people who leave or go on maternity leave.
Director Andy Powell told More Than Business News: "There is a drop in confidence in people's career prospects.
"They are feeling in the short term they don't have much opportunity to grow their careers and are being asked to take on more and more work.
"Organisations are obviously tightening their belts and we have ended up with a body of workers who feel they are bearing the brunt of the credit crunch."
- 5th January 2009 Businesses urged to make redundancies 'last resort'
- 5th January 2009 'Cut interest rate to 1%' says business group
- 2nd January 2009 Gloomier forecast from business group
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