For the third year, the Wall Street Journal (WSJ) teamed up with Winning Workplaces to create its list of Top Small Workplaces for 2009. As the article notes, when faced with tough economic times, many employers try to cut just about everything that may be considered nonessential, including employee benefits, wellness plans, and other innovative programs. In doing so, they often shut employees completely out of the decision-making process. While the idea behind their actions is simply to stay afloat and make sure that employees at least have a job, the unintended consequence can be a negative workplace with low employee morale.
However, as the WSJ recognizes, there are still several companies committed to their employees’ well-being and development. Having happy, well-trained employees pays off now and continues paying off in the future. That’s because companies with a high rate of employee satisfaction and low turnover save money in the long run and put the company in a good position to rev back up when the economy turns around.