CorpComms Magazine

The recession has created a workforce that now craves security and stability with eight out of ten employees keen to settle into a job and roughly half looking to work for a single company throughout their career, according to a new survey.

The Towers Watson Global Workforce Study, which surveyed more than 20,000 employees in 22 markets between November and January, found that the recession has fundamentally altered the way that employees view their work and leaders.

Eight out of ten employees regard a secure and stable position as important, and 46 per cent have no plans to leave their current job. Indeed, just 12 per cent of employees are actively looking for a new role while four per cent have made plans to leave.

Remuneration is also deemed less important, with two thirds of those surveyed saying that they are now happy for pay to be driven by their personal performance.

Nick Tatchell, senior consultant at Towers Watson, said: 'Where once employers fretted over a 'War for Talent', they must now plan for a workforce that intends to stay on-board for years - perhaps even decades. This log jam of long-tenured employees will help keep a lid on the dreaded 'brain drain' but may ultimately lead to reduced opportunities and declining morale if not well-managed.'

More than half, 53 per cent, said there were no significant advancement opportunities, 42 per cent claimed there was less opportunity for advancement because positions had been cut, while 37 per cent found it difficult to identify available opportunities.

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