This has come so fast that employees feel shell-shocked. Signs of the shift abound. More than half of workers believe a recession is imminent, according to a survey by recruiting site Headhunter.net. Employees worry shortened workweeks, telecommuting, job sharing and other work-life initiatives will be scrapped as firms cut costs. Employees are concerned overall about what will happen.
Workers are worried about their own finances or the situations facing friends and family.
Many are riveted by the stock market swings. We have people who are millionaires or not millionaires depending on where the market goes. Many younger employees who have never experienced a downturn now realize expectations may be delayed. They're working harder for less return, and that impacts morale. Even job candidates are leery.