Those companies that have treated their staff with a sense of openness during the economic downturn are likely to reap the benefits in terms of improved employee motivation, it has been claimed.
John Taylor, chief executive of the Advisory, Conciliation and Arbitration Service, has highlighted the fact that many businesses have made redundancies their last option in order to avoid so-called Survivor's Syndrome.
He said: "Those organisations which have dealt with their workforce in a fair, open, transparent kind of way will reap the rewards in terms of less labour turnover [and] less absenteeism as and when the economy starts to recover."
Respect for the employer will increase in the good times when workers can see that their companies treated them well during the downturn, Mr Taylor explained.
Recent research by Pricewaterhouse Coopers has suggested that workers rate flexible working as the benefit most likely to boost employee motivation, with respondents rating this higher than material benefits such as bonuses.