Why Workers Are Losing Confidence in Their Employers
Most workers don’t have a positive view of their company’s prospects right now. This week, Korn Ferry looks into why workers feel so grim, and how that decline in confidence is like “a ticking time bomb inside the company.” Plus, the Briefings Podcast looks into the “concentration crisis,” why so many employees are having so much trouble staying focused, and what leaders can do about it.
A Crisis of (Employee) Confidence
Confidence comes in waves, and after cresting in 2022, employees’ faith in their employers’ business prospects—after a series of setbacks and disappointments this year—has come crashing down.
The euphoria of 2022, when corporate profits and stock prices were soaring and hiring was robust, is a distant memory to employees now. According to a new study, only 47% of them have a positive view of their company’s current business outlook. The study, which analyzed millions of reviews of business performance, found that employee confidence across industries has fallen by 6% year-over-year.
5 Tips for Breaking Into AI
Principal AI Strategist. Director of AI Innovation. AI Data Curator.
Job postings seeking people with generative artificial-intelligence skills are exploding. Indeed, even as hiring slows and layoffs continue across industries and functions, firms can’t fill open AI positions fast enough.
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But you don’t need to be a data scientist or software developer to break into AI.?Prompt engineers, ?one of the hottest jobs in AI, are experts in content rather than coding.? Firms are in need of talented workers that understand or are willing to immerse themselves in how AI works, where its impact will be felt, how it will be received by employees, and how that will change the culture.?
Briefings Podcast: “Brains Back to Work”
The latest science says people’s ability to concentrate on one topic (i.e., pay attention) has fallen sharply—almost 70% in two decades. That’s a real threat both to day-to-day operations and to the innovation that comes from the deep thinking companies thrive on.
In this podcast episode, we explore what can be done to bring focus back into the workplace.?
Other Must-Reads from Korn Ferry
Check out?Briefings , our bimonthly national magazine, for in-depth and unusual looks at critical leadership issues.
Founder of Culture Works Consortium and Culture Works Consulting
1 年Frequently successful businesses forget that what worked yesterday will not work today and will be broken tomorrow. Boutique firms like Culture Works Consortium are using team insights to support companies engage with the next level of growth. Formalising the informal, accountability over responsibility and diagnostic probes around prioritisation really help https://www.dhirubhai.net/posts/michaelshortcwc_prioritisation-riskmanagement-growthmanagement-activity-7121165642426134529-VRv7?utm_source=share&utm_medium=member_android
Perfectly position your leadership impact in 6-steps to accelerate your influence, earnings and authority to create a career you love | Continuous Impact? Career Strategy for leaders | The You Review Podcast & Community
1 年Employees have quite frankly had enough. Senior Leadership must step up and take responsibility for support, culture, toxic managers and setting the pace for the off-switch to control employee burnout.
Employers has to take care of work life balance and opportunity to grow then only trust factor will play important role in building the confidences of employees