New research from Monster.com and Human Capital Institute reveals a dramatic difference in how employers and workers perceive the impact of the current recession which could result in employers facing mass talent drains as the labour market begins to turn. The reason - employers are vastly overrating the morale of their employees as 84 per cent of those surveyed indicated a belief that their workforce is content to simply to have a job while only 58 per cent of workers feel that way.

Employers surveyed understood that their workforce is likely to be stressed and suffering from poor morale due to the recession, however results indicate that they are underestimating the impact it will have on their workforce

• Fifty-seven per cent of workers believe employers are exploiting the recession to drive longer hours and lower pay from their workforces.
• Fifty-eight per cent believe employers are less concerned about employee retention, and 50 percent of workers are more concerned about top performers leaving than before the recession.
• Forty-three per cent of workers believe employers are now less tolerant of dissent and challenges to authority.
• Only 26 per cent excuse their employers for requiring layoffs and longer hours because they believe their employer's hands were forced by the recession.
• Forty-eight per cent of workers say their productivity has been affected by a fear of being laid-off.

Source: www.monster.com