Korn/Ferry Institute survey reveals growing job dissatisfaction in Asia | Korn Ferry
Saddled with more work and fewer resources, it’s no wonder why 35% of 159 executives in Asia Pacific say they are “somewhat” and “very dissatisfied” with their current position.
According to the latest Executive Quiz conducted by The Korn/Ferry Institute, while 44% of executives are “satisfied in their current job, only 0.09% claim to be “extremely satisfied”.
Furthermore, when respondents were asked to rate employee morale within the company, 23% say it was “outstanding”, followed by 43% who describe morale as “good”. On the other hand, 23% of respondents say employee morale was “fair” or “poor”.
According to Indranil Roy, managing director for leadership and talent consulting in Asia Pacific, companies are now seeing unprecedented levels of executive dissatisfaction in today’s environment, as companies get leaner and employees are now doing more work for less pay.
This poses a threat to the organisation as executives and managers are the most critical link to employee engagement, says Roy. “The simple fact is that disengaged executives will guarantee a disengaged workforce,” Roy says, adding that HR programmes “can do little to mitigate the negative impact of a disengaged executive team”.
While companies now need to take proactive steps to keep employees engaged in order to retain them, Roy says organisations can do so by first looking at the engagement issue from top down. After spending time and resources to rebuild momentum with the top team, companies can then then cascade these efforts down within the organisation.
“What they communicate and how they communicate will be the key determinant of employee engagement in these times,” Roy adds.
Sources and references: Sandbox Advisors, Korn/Ferry, HRO
