“Employees feel they have been left in the lurch; no one has thanked them for sticking to the task during the tough times and no one’s talking to them now about their futures,” he said.
Unlike in previous downturns, employers sought to minimise redundancies and instead asked workers to take pay cuts, accept wage freezes and work fewer hours. While workers held on to their jobs, employers benefited by retaining skilled employees.
Mr Sexton said employees were frustrated that their sacrifices were not being acknowledged as the economy recovered.
Unless employers took action, companies risked losing their most talented employees and would be forced to pay the higher costs of recruiting new staff.
So, does any reader work for a company which has prioritised normalising promotion/pay structures for employees who made sacrifices during the GFC? Or are you one of the many being overlooked while restoring company profits for the benefit of shareholders takes priority?
Or does your company actually seem to be managing the balancing act of normalising financial rewards for both employees and shareholders?