Recession Ups Backstabbing and Sucking Up
More than four in 10 US employees say they are encountering increased workplace backstabbing, “sucking up” and politicking as co-workers take desperate measures to stay employed amid widespread fears of layoffs during the recession, according to a study conducted by Professor Wayne Hochwarter out of Florida State University.
many employers, you may soon be facing a “resume tsumani” when valued workers who have been with you through the recession start flooding the market with CVs as the economy improves. Planning for post-recession turnover may determine whether you’re among the talent winners or losers when the economy improves.
Global ad Omnicom Group
Inc. and Publicis Groupe
SA reported significant declines in revenue and profit but indicated a bottom may be at hand in the global advertising downturn. “We don’t see a recovery, but we feel we’ve hit the troughs,” said John Wren
, chief executive of Omnicom. He added that it will take a couple of quarters to cycle through the current downturn, and a couple more before growth comes. “We believe the worst is behind us,” said Publicis Chief Executive Maurice Lévy
. “All figures should be less in decline in the third quarter than in the second quarter.”
The global slump has reached its trough. Asia’s economies are looking rosier, buoyed by a spectacular rebound in China, where output grew at an annualised rate of some 16% between April and June. Even in America and the euro area, GDP is likely to stop shrinking during the summer. Trade, having fallen precipitately, is levelling off (see article). And, as firms rebuild their stocks, global growth over the next few months could be surprisingly robust. That is a welcome prospect. But it is not the all-clear. For this “recovery” has fragile foundations