An in-progress, online survey by Sean Silverthorne of Harvard Business School’s Working Knowledge newsletter shows that 82% of respondents indicate that “Yes, the crisis is sapping my enthusiasm.” (Econ Crisis Making Middle Managers Miserable)
Silverthorne also reports that 27% of middle managers find their current roles less meaningful and exciting than before the economic crisis, according to a recent McKinsey poll. The main reasons according to Silverthorne?
- Job Insecurity. Middle managers don’t have the job security they need to perform at a high level.
- Kill the Messenger. When there are layoffs to be done, middle managers more than any other supervisor class are the ones who deliver the message to those being let go.
- Career Interrupted. Middle managers now have fewer opportunities at work to be promoted.
- Pay Squeeze. At home, middle managers are under mounting financial pressure as their employers scale back on pay raises.
These situations can take an emotional toll on your managers. Job security, maintaining a connection with people, and growth opportunities are important needs that all employees have. (To see other needs, check out Eight Employee Needs You Must Address to Create Passion at Work).
How are your managers holding up? This might be a good time to check in with them.