Tough times, drastic measures?(news&trends)

What has the economy done to employee morale?

A recent survey tried to gauge employees' mindsets during this tough economy and found:

* Pay cuts: 18% of respondents said they would be willing to take a pay cut to keep their job. Of those willing to take a pay cut, 55% said they will accept a 10% salary decrease or more.

* Generation Y won't budge: Only 9% of Gen Y is willing to accept a pay cut to keep their jobs.

* Retirement plans: 44% of employees over the age of 60 have been forced to delay their retirement plans.

* Pessimism persists: 40% believe we will be in a recession for another full year, and potentially into the third quarter of 2011.

* Not worried enough to prepare: Only 22% of Americans are saving money to prepare for a Layoff.

--Adecco Group North America

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