Southborough, Mass. and Dublin, Ireland (Vocus/PRWEB ) June 2, 2009 -- In a recent survey conducted by employee recognition strategist Globoforce, employees admitted that their morale and productivity are in a state of decline due to recessionary cutbacks. According to the survey, 70 percent of employees indicated that layoffs and the reduction or elimination of programs and benefits will have a negative short- or long-term impact on morale, and 55 percent said these cuts will impact their productivity levels now and in the future. HR managers concur, with a full 89 percent indicating that employee morale is being impacted and 80 percent saying that productivity will take a hit in the short or long-term.

However, in spite of company layoffs, bonus reductions and payroll freezes, employees are, on average, maintaining goodwill toward their employers, with nearly half (45 percent) of employees surveyed indicating that these cuts have had 'very little or no impact on their goodwill' and only three percent were 'holding out until I can find another job.' Employee goodwill is holding up far better than HR managers indicated, with nearly 80 percent saying that cutbacks will impact employee goodwill in the short- or long-term.

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